In August of This Year, Jack Can Best Estimate the Current

question 109

Multiple Choice

In August of this year, Jack can best estimate the current year's GDP by:

• A) adjusting the first two quarterly estimates of GDP for seasonal variation.
• B) taking an average of the last four quarterly estimates of GDP available.
• C) multiplying the most recent quarter's GDP estimate by four.
• D) looking back at previous years GDP in order to make an accurate projection.

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Definitions:

Core Period

The essential or most active time frame in which specific events or activities are expected to occur.

Flextime Schedules

A work arrangement that allows employees flexibility in choosing their working hours within agreed limits.