Answered: If x is useful for predicting future…

If x is useful for predicting future GDP then a. x is countercyclical. b. x is coincident. c. x is a lagging variable. d. x is a leading variable.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section: Chapter Questions

Problem 7QR

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Question

If x is useful for predicting future GDP then

a. x is countercyclical.

b. x is coincident.

c. x is a lagging variable.

d. x is a leading variable.

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