An expected change in any of the four GDP components has no effect on the forecast for real GDP.

Name: An expected change in any of the four GDP components has no effect on the forecast for real GDP.
Brand: Quizplus
Rating: 4.7 (45 reviews)

Question

Quizplus · Accepted Answer

Any expected change in the four GDP components (consumer spending, business investment, government spending, and net exports) can affect the forecast for real GDP. For example, if there is an expected increase in consumer spending, it can lead to an increase in real GDP forecast.

An Expected Change in Any of the Four GDP Components