What is one limitation of using annual GDP data for policy decisions?
Understanding Economic Growth: Measurement, Nuances, and Reliability

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11th Grade - University
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is too accurate.
It obscures intra-year details.
It is too immediate.
It provides too much detail.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is quarterly GDP data considered more useful for policymakers?
It is less accurate.
It is more detailed.
It is less frequent.
It provides earlier warning signs.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a challenge associated with producing quarterly GDP data?
It is too detailed.
It is always accurate.
It requires less data.
It may have accuracy issues.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When comparing GDP data, what is a key factor to consider?
The quarter being compared.
The number of data points.
The size of the economy.
The color of the chart.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can GDP data be misleading when comparing different quarters?
It never changes.
It is always negative.
It always shows positive growth.
It can show different growth rates depending on the comparison method.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major issue with GDP data reliability?
It is subject to revisions.
It is always accurate.
It is based on complete data.
It is directly measured.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is GDP not a perfect measure of economic activity?
It includes all economic activities.
It is too detailed.
It measures blood pressure.
It is based on estimates.
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one limitation of GDP in measuring well-being?
It reflects resource depletion.
It does not adjust for pollution.
It measures income distribution accurately.
It accounts for all technological advances.
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does GDP fail to account for technological advances?
It overestimates economic growth.
It shows a large difference in real terms.
It includes all technological changes.
It does not reflect improvements in technology.
10.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a concern regarding GDP and income distribution?
GDP measures only the top 10% of earners.
GDP is evenly distributed.
GDP accurately reflects wealth distribution.
GDP does not account for unequal distribution.
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