Following confusion caused by the annualisation of GDP data in 2020- amid the Covid-19 pandemic and resulting lockdowns

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Following Confusion Caused By The Annualisation Of Gdp Data In 2020 Amid The Covid 19 Pandemic And Resulting Lockdowns 1 (170.51 KiB) Viewed 61 times

Following confusion caused by the annualisation of GDP data in 2020- amid the Covid-19 pandemic and resulting lockdowns - Stats SA said it would no longer use the annualised data as the headline GDP statistic. During periods of steady economic growth, annualising is a useful way of expressing quarter-on-quarter performance in annual terms, Stats SA said. However, during periods of economic instability, annualising can be misleading, because it exaggerates growth rates that are unlikely to be repeated. Source: https://businesstech.co.za/news/finance ... t-quarter- of-the-year/ Accessed: 19/08/21 The central problem that is evident in the above extract is that of... a) Economic welfare b) Data revision c) Unrecorded activity d) Non-market production