Which of the Following Statements About GDP Is Correct

question 23

Multiple Choice

Which of the following statements about GDP is correct?

• A)GDP measures two things at once: the total income of everyone in the economy and the total expenditure on the economy's output of goods and services.
• B)Money continuously flows from households to firms and then back to households,and GDP measures this flow of money.
• C)GDP is generally regarded as the best single measure of a society's economic well-being.
• D)All of the above are correct.

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Definitions:

Plasmids

Small, circular DNA molecules found in bacteria and some other cells, independent of the chromosomes, often carrying genes beneficial for survival.

Genetic Information

The hereditary information encoded in DNA or, in the case of some viruses, RNA, which determines the biological development and function of an organism.

mRNA

Messenger RNA, a type of RNA that carries the genetic information from DNA in the nucleus to the cytoplasm, where it serves as a template for protein synthesis.

Translated

The process by which the sequence of a messenger RNA (mRNA) molecule is used by the ribosome to assemble amino acids into a polypeptide.