Which of the Following Statements About GDP Is Correct

question 81

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 unemployment rate.
• B)Money continuously flows from households to government and then back to households, and GDP measures this flow of money.
• C)GDP is to a nation's economy as household income is to a household.
• D)All of the above are correct.

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Definitions:

Drought

An extended period of below-average precipitation, resulting in prolonged shortages in the water supply, whether atmospheric, surface water, or ground water.

Bt Resistance

The acquired ability of pests to tolerate the Bacillus thuringiensis toxin, often through evolutionary adaptation, rendering Bt crops less effective.

Refuge Strategy

A tactic used by prey organisms to escape predators, involving finding or creating safe locations where they are less likely to be found or caught.

Trade-Off

A situation that involves losing one quality, quantity, or property of a set or design in return for gaining another.