Which One of the Following Statements Is Correct

question 41

Multiple Choice

Which one of the following statements is correct?

• A)Real GDP and GDP are always equal in the base year.
• B)GDP always exceeds real GDP in the base year.
• C)2009 real GDP will exceed 2008 GDP if 2009 production is greater than 2008 production.
• D)Unlike GDP,real GDP includes estimates of voluntary and underground economic activity.
• E)If deflation occurs from 2008 to 2009,then the 2009 real GDP must be greater than the 2008 GDP.

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Definitions:

Implied Demand Uncertainty

The anticipated variation in customer demand, influencing inventory levels, production planning, and capacity decisions.

Forecast Error

The difference between actual demand and forecasted demand, indicative of the accuracy of demand forecasting efforts.

Marketing and Sales Strategy

The comprehensive plan comprising tactics and methods used by a business to promote, sell, and distribute its products or services.

Strategic Fit

The alignment between an organization's strategy and its external environment, as well as its internal resources and capabilities.