Which of the following is true of GDP time series data?
A) GDP is stationary data staying constant over time.
B) GDP is nonstationary data rising over time.
C) GDP is nonstationary data rising and falling over time but on average is constant.
D) GDP is stationary data rising and falling over time but on average is constant.

Question

Quizplus · Accepted Answer

GDP is typically nonstationary data that tends to rise over time due to economic growth and inflation.

Which of the Following Is True of GDP Time Series