In Practice Initial Estimates of GDP

question 21

Multiple Choice

In practice initial estimates of GDP

• A) are never revised
• B) are only revised several years after the initial release
• C) are subject to very small revisions that do not influence the measurement of economic growth
• D) are subject to significant revision that can alter measured growth
• E) are so heavily revised that they give no useful information whatsoever which explains why nobody trusts official statistics.

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