In the Nation of Ophelia, Quarterly GDP Is Always Higher

question 138

Multiple Choice

In the nation of Ophelia, quarterly GDP is always higher in the second quarter than in other quarters. In order to account for this predictable jump in GDP, what will Ophelia's government statisticians most likely do?

• A) Make sure to account for inventory changes during the second quarter.
• B) Report real GDP, not nominal GDP.
• C) Focus on GNP rather than GDP during the second quarter.
• D) Make a seasonal adjustment for the second quarter data.

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Definitions:

Ambiguous

Something that can be understood in more than one way or is not clearly defined.

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Unqualified Indorsement

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A person who transfers an instrument by signing (indorsing) it and delivering it to another person.