For Time Series Data,what Is Unique About a Time Period

question 111

Multiple Choice

For time series data,what is unique about a time period where real GDP equal nominal GDP?

• A)The base year for the price index
• B)GDP = C + I + G + Xn
• C)Exports exceed imports
• D)A high rate of inflation exist

---

Definitions:

Net Purchases

The total cost of goods bought for resale, after subtracting returns, allowances, and discounts.

Merchandise Inventory

Goods that a company holds for the purpose of selling to customers.

Payroll Tax Expense

Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

Inventory

The goods and materials a business holds for the purpose of resale or production.