Which of the following statements is false?
A) Some of the data needed for computing GDP come from the IRS.
B) Revisions of GDP are inevitable.
C) The statistics on GDP are frequently revised.
D) Revisions in GDP can lead to mistakes.
E) The data for GDP can be collected quickly.
Correct Answer:
Verified
Q149: Exhibit 18-8 Q150: Why do economists believe that the CPI Q151: To be included in GDP, an activity Q152: The CPI tends to understate inflation. Q153: The CPI tends to overstate inflation because Q155: Suppose that real GDP grew more slowly Q156: GDP is a perfect measure of production Q157: How do the CPI and the GDP Q158: Which of the following statements is true? Q159: Which of the following would not be
A)The
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