Which of the Following Is True

question 32

Multiple Choice

Which of the following is true?

• A) Real GDP is a measure of income, but not output.
• B) Real GDP is a measure of output, but not income.
• C) Real GDP is a measure of inflation.
• D) Growth of output is necessary for the growth of income.

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Definitions:

Debtor

An individual or organization that owes money or debt to another entity.

Default

A failure to fulfill a legal obligation, especially to repay a loan or appear in a court of law.

Lien

A legal right or claim against a property, typically used as security for a debt or obligation.

Construction Company

A business entity engaged in the construction of buildings, infrastructure, and other physical structures.