Which Statement Is True

question 108

Multiple Choice

Which statement is true?

• A)GDP is a virtually perfect measure of national output.
• B)GDP takes into account pollution,crime,and even personal satisfaction.
• C)GDP is a single number that seeks to measure our national output.
• D)There is no relationship between our GDP and our national output.

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Definitions:

Sales Tax Rate

The percentage of tax charged on the sale of goods and services, which is collected by merchants and passed on to the government.

Total Receipts

The aggregate amount of cash or cash-equivalents received by a company during a given period.

Sales Tax Rate

The percentage of sales price that is added to the sale of goods and services, to be collected by the seller and passed on to the government.

Total Receipts

The total amount of money received by a company during a particular period from all sources.