Seasonal adjustments to GDP occur because:
A) the demand for products varies year by year, which causes fluctuations in expenditures.
B) seasonal variations in temperature affect price levels during each year, which causes GDP to vary.
C) output in many industries varies by season of the year, which makes the quarterly GDP measures fluctuate.
D) the stages of the business cycle are referred to as seasons, which causes year-to-year variations.
Correct Answer:
Verified
Q39: What stage of the business cycle has
Q40: What stage of the business cycle has
Q41: A recession is characterized by rising _
Q42: During an economic expansion, _ rises and
Q43: What is the difference between a recession
Q45: What term is used for the economic
Q46: Changes that are made to quarterly GDP
Q47: Which of the following is NOT a
Q48: What is a lagging economic indicator?
A) an
Q49: An example of a lagging economic indicator
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents