Question

In the nation of paolaland, quarterly gdp is always higher in the second quarter than in other quarters. in order to account systematically for this predictable second-quarter jump in gdp, paolaland's government statisticians will

Answer 1

The choices are:
a. employ a statistical procedure called seasonal adjustment.
b. report a four-quarter moving average of GDP rather than the one-quarter figure.
c. report GNP rather than GDP.
d. report personal income rather than GDP

Among the given choices, the answer is letter A.
Seasonal adjustments can better project analysis of the GDP. It gives a precise display of figures and patterns. It can show the season's changes and can help determine the strengths and weakness of consumer spending in products of different seasons.