If a Macroeconomic Variable Tends to Aid in Predicting the Future

question 40

Multiple Choice

If a macroeconomic variable tends to aid in predicting the future path of real GDP,it is said to be a

• A) convenient variable.
• B) coincident variable.
• C) leading variable.
• D) lagging variable.

---

Definitions:

Sensory Information

Information received through the senses (sight, hearing, touch, taste, and smell), which is then processed by the brain to understand and interact with the environment.

Past Memory

Recollections and information from previous experiences stored in the brain.

Perception

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.

Sensation

The process by which sensory receptors and nervous system receive and represent stimulus energies from our environment.