Estimates of gross domestic product (GDP) are revised:
A) quickly and often.
B) for many years after the fact.
C) only in the following quarter.
D) each month.

Question

Quizplus · Accepted Answer

Estimates of gross domestic product (GDP) are often subject to revisions as more data becomes available. These revisions can occur for many years after the initial estimate, as additional information is incorporated and statistical methods are refined.

Estimates of Gross Domestic Product (GDP) Are Revised