Which of the Following Is True Regarding Gross Domestic Product

question 189

Multiple Choice

Which of the following is true regarding Gross Domestic Product?

• A)It can only be measured from the flow of total spending.
• B)It can only be measured from the flow of total income in the economy.
• C)It can be measured either from total spending or total expenditure.
• D)It is calculated by computing total spending and total income; the larger of the two figures is counted as GDP.
• E)It can only be measured from the stock of total wealth.

---

Definitions:

Think on Their Feet

The ability to quickly respond, adapt, or make decisions in unpredictable or dynamic situations.

Challenging Situations

Circumstances that pose difficulties or obstacles, requiring effort and determination to overcome.

Complex Business Issues

Intricate or complicated challenges that organizations face, requiring strategic thinking and decision-making.

Limiting the Scope

The process of defining clear boundaries for a project or investigation to focus on specific objectives and manage resources effectively.