Study Questions for Lecture 5

Study Questions for Lecture 5 - How often are comprehensive...

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Questions for Lecture 5 Questions based on material in A Guide to Everyday Economic Statistics--5 th Edition ( EES )--Chapter 4 (pp. 67-75) Questions from Lecture 5. 1. What are the two problems with using real GDP as an economic indicator? 2. When are the advanced, preliminary and final estimates of real GDP for any given quarter released?
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Unformatted text preview: How often are comprehensive revisions made? 3. Is the unemployment rate a good overall business cycle indicator? Explain. 4. Why is it useful to pay any attention to lagging economic indicators? 5. Suppose a series has the following as its indicator status: (Lg,L,U). Does it lead or lag business cycle peaks? Troughs?...
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This note was uploaded on 09/14/2009 for the course EC 400 taught by Professor Cover during the Spring '09 term at Alabama.

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