The Advance Estimate of GDP Predicts Direction of Quarterly Change

question 64

Multiple Choice

The advance estimate of GDP predicts direction of quarterly change in real GDP growth approximately what percent of the time?

• A)10%.
• B)25%.
• C)75%.
• D)90%.

---

Definitions:

Tax Return

A formal statement of income filed with a tax authority to calculate and pay taxes owed.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two variables.

Scientific Study

The pursuit and application of knowledge and understanding of the natural and social world following a systematic methodology based on evidence.

Exercise

Structured activities whose goal is to improve health.