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:

Premarital Cohabitation

The act of living together in a romantic relationship without being married.

Dating Cohabitation

Refers to unmarried couples living together in a romantic relationship.

Trial Marriage Cohabitation

Trial Marriage Cohabitation refers to a living arrangement where couples live together as if married, typically as a test of compatibility before formally tying the knot.

Drift

The slow movement, change, or development from one state, condition, or place to another, often without a clear direction or purpose.