Based on the Bloomberg ECO calendar: If on 5/23, 670k actual US New Home Sales are reported, how should you evaluate this number? This number is lower than the prior reported new home sales, so we should decrease our GDP growth expectations. This number is higher than the prior reported new home sales, so we should increase our GDP growth expectations. Although this number is lower than the prior reported new home sales, since it is higher than Surv(M), this number should increase our GDP growth expectations.

Based on the Bloomberg ECO calendar: If on 5/23, 670k actual US New Home Sales are reported, how should you evaluate this number? This number is lower than the prior reported new home sales, so we should decrease our GDP growth expectations. This number is higher than the prior reported new home sales, so we should increase our GDP growth expectations. Although this number is lower than the prior reported new home sales, since it is higher than Surv(M), this number should increase our GDP growth expectations.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 8SQP

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