Forecasting real GDP is
A)done as well by the average person as by economic forecasters.
B)easiest in terms of predicting turning points.
C)easy in the short term, but hard in the long term.
D)easy in the long term, but hard in the short term.
E)always easy.

Question

Quizplus · Accepted Answer

Forecasting real GDP is generally considered easier in the long term than in the short term because long-term forecasts can average out short-term fluctuations and rely on broader trends. Short-term forecasts, on the other hand, must deal with immediate uncertainties and volatile factors that can significantly impact economic outcomes.

Forecasting Real GDP Is