In practice initial estimates of GDP
A) are never revised
B) are only revised several years after the initial release
C) are subject to very small revisions that do not influence the measurement of economic growth
D) are subject to significant revision that can alter measured growth
E) are so heavily revised that they give no useful information whatsoever which explains why nobody trusts official statistics.

Question

Quizplus · Accepted Answer

Initial estimates of GDP are subject to significant revisions that can alter measured growth. These revisions are often based on more complete data that becomes available over time and can result in substantial changes to the original estimate. As a result, economists and policymakers must be cautious when making decisions based on initial estimates of GDP.

In Practice Initial Estimates of GDP