What methods are used to forecast GDP?
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Discuss the primary methodologies used in gdp forecasting, such as extrapolative methods (like time series analysis), causal methods (like regression models), and judgmental methods. It's also helpful to mention factors influencing gdp like consumer spending, business investments, government spending, and net exports. Ensure you demonstrate an understanding of both the quantitative and qualitative elements that go into such forecasts. Remember, the goal is to showcase your knowledge about macroeconomic indicators and how they interact to influence gdp predictions.
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