Acriticism of the national bureau of economic research's business cycle dating committee is that it: question 2 options: a) makes little use of the national income and product accounts. b) makes premature judgments as to the turning points of the business cycle. c) dates peaks and troughs only after the fact. d) does not update or revise data.

The answer is: c) dates peaks and troughs only after the fact.

This mean that millions of dollar spents by the Bureau cannot necessarily used to address the economic problems that people currently face.

One argument to counter such criticism is that the data from the Bureau could be used to make future predicitons and prevent any mistakes in the past from occuring again in the future.

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