Question

while gdp was once a key cyclical indicator, its usefulness has declined substantially for all of the following reasons except which one?

Answer 1

While gdp was once a key cyclical indicator, its usefulness has declined substantially for all of following reasons except " Requires seasonal adjustments"

What is GDP?

It is the standard measure of value added created through the production of goods and services in a country during a certain period

The usefulness of GDP has declined except for following-

Requires seasonal adjustments

Because of seasonal adjustments, firms are able to predict the economic activity in the region and adjust their inventories,investments and production process accordingly.

Seasonal adjustment ensures that remaining movements in GDP, or any other economic series, better reflect true patterns in economic activity.

Thus the correct answer from above options is

" requires seasonal adjustments"

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note: complete question is

While GDP was once a key cyclical indicator, its usefulness has declined substantially for all of the following reasons except which one? Multiple Choice

1. lack of timeliness
2. requires seasonal adjustment
3. constant revisions for decades
4. contains too much information