Cyclical adjustments are used by statisticians to ensure that the higher production in certain times of the year is kept in perspective.
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Q11: GDP can be measured by counting final
Q12: If Canada's GDP is $1000 billion and
Q13: Capital income (profits, rental payments and interest
Q14: Over time, the three measures of GDP
Q15: Macroeconomics is:
A)the study of economics at the
Q17: Total transfer payments are included in GDP
Q18: Real GDP is the production of goods
Q19: According to the income-expenditure identity, the total
Q20: Nominal GDP always grows faster than real
Q21: Transfer payments are included under
A)consumption
B)investment
C)government purchases
D)none of
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