Which of the Following Statements Is False

question 34

Multiple Choice

Which of the following statements is false?

• A)Some of the data needed for computing GDP come from the IRS.
• B)Revisions of GDP are inevitable.
• C)The statistics on GDP are frequently revised.
• D)Revisions in GDP can lead to mistakes.
• E)The data for GDP can be collected quickly.

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Definitions:

Disadvantages

Disadvantages refer to the unfavorable or negative aspects of a particular situation, decision, or solution.

Corporation

A legal entity that is separate and distinct from its owners, providing them with limited liability protection.

Business Conducting

The practices, strategies, and ethical standards employed by a company in its daily operations and decision-making processes.

Advantages

Positive aspects or benefits that contribute to superior performance or competitive edge.