If the Commerce Department Adjusts the Growth Rate of GDP

question 165

Multiple Choice

If the Commerce Department adjusts the growth rate of GDP downward for the first quarter of 2016,and the Bureau of Labor Statistics adjusts the number of hours worked upward for the first quarter of 2016,what will the Bureau of Labor Statistics do in terms of revising the figures on the growth rate of labor productivity for the first quarter of 2016?

• A)The BLS will adjust the growth rate downwards.
• B)The BLS will adjust the growth rate upwards.
• C)The BLS will not change the growth rate of productivity.
• D)The BLS will adjust the level of labor productivity upward and the growth rate downward.

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Definitions:

Short Position

The investment strategy of selling borrowed securities or assets with the expectation that their prices will decline, allowing them to be bought back at a lower price for a profit.

Profit

The income earned when the total revenue from business activities surpasses all related expenses, costs, and taxes.

Clearinghouse

A financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions.

Exercise

In finance, it refers to the act of executing one's right to buy or sell the underlying asset in options trading.