Question

The government of a country, which has adopted American GDP accounting conventions, reported that seasonally adjusted GDP in quarter 3 was $12 billion at an annual rate. This means that the seasonally-adjusted market value of all final goods and services produced within this country in quarter 3 was

a. $3 billion.
b. $4 billion.
c. $12 billion.
d. $48 billion.

Answer 1

The correct answer is $12 billion.

Step-by-step explanation:

The seasonally adjusted process consists in adjusting and removing from the original series the effects of the seasonal component and the calendar effect (Easter and holidays), with the aim of providing a reasonable comparison of the productive activity between different periods. They play a fundamental role because they help to understand the evolution of the economy.