A conditional forecast of real GDP is
A) a forecast using one of the 54 forecasts listed in Blue Chip Economic Indicators.
B) a forecast based on potential GDP as opposed to the spending components of GDP.
C) another name for the Blue Chip Consensus forecast.
D) a forecast that explains what real GDP will be under alternative assumptions about the spending components.
E) a forecast that is conditional on the time period in which it was made.
Correct Answer:
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Q43: A conditional forecast is based on what
Q44: Other things being equal, the forecast for
Q45: The type of forecast that describes what
Q46: Suppose real GDP in 2015 is $6,105
Q47: Which of the following statements is true?
A)Most
Q49: An improvement in consumer confidence will affect
Q50: Which of the following relationships do forecasters
Q51: To simplify the analysis, the textbook assumes
Q52: What is meant by a conditional forecast,
Q53: Economic forecasters seldom differ in their one-year-ahead
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