Suppose That the Unadjusted Seasonal Factor for the Month of April

question 153

Multiple Choice

Suppose that the unadjusted seasonal factor for the month of April is 1.10. The sum of the 12 months' unadjusted seasonal factor values is 12.18. The normalized (adjusted) seasonal factor value for April

• A) is larger than 1.1.
• B) is smaller than 1.1.
• C) is equal to 1.1.
• D) cannot be determined with the information provided.

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Definitions:

Exports

Goods or services sent from one country to be sold in another country.

Consumption

The total value of all goods and services consumed by households, including durable goods, non-durable goods, and services.

Investment

The act of distributing funds or resources with the aim of earning an income or profit.

GDP Deflator

A financial indicator that adjusts the value of output calculated at present prices to constant-dollar GDP, to correct for inflation effects.