If GDP in the Fourth Quarter Is Announced to Be

question 34

Multiple Choice

If GDP in the fourth quarter is announced to be $1.6 trillion, what does this number reflect?

• A) the actual amount of final goods and services produced in the fourth quarter
• B) about four times the annual GDP rate
• C) a somewhat lower amount than the amount actually produced in the fourth quarter, because GDP is seasonally adjusted, and nonseasonally adjusted GDP for the fourth quarter is typical higher
• D) about four times the amount actually produced in that quarter, plus what had been removed for seasonal adjustment

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