Author Question: If the Commerce Department adjusts the growth rate of GDP downward for the first quarter of 2016, ... (Read 65 times)

09madisonrousseau09 · **on:** Jun 29, 2018

If the Commerce Department adjusts the growth rate of GDP downward for the first quarter of 2016, and the Bureau of Labor Statistics adjusts the number of hours worked upward for the first quarter of 2016, what will the Bureau of Labor Statistics do

in terms of revising the figures on the growth rate of labor productivity for the first quarter of 2016?
A) The BLS will not change the growth rate of productivity.
B) The BLS will adjust the growth rate downwards.
C) The BLS will adjust the growth rate upwards.
D) The BLS will adjust the level of labor productivity upward and the growth rate downward.

Question 2

Except for recessions, the duration of unemployment for the typical person lasts

A) less than six months.
B) six to nine months.
C) over nine months.
D) over one year.
E) over five years.