Which of the Following Statements Regarding Gross Domestic Product Is

question 94

Multiple Choice

Which of the following statements regarding Gross Domestic Product is not true?

• A)It is a stock variable.
• B)It is measured for a particular time period,usually one year.
• C)It is perhaps the most effective means of viewing the same economy over time.
• D)It is a measure of the economy's performance.
• E)It is a flow variable,not a stock variable.

---

Definitions:

Flexibility

The quality of being able to adapt to new, different, or changing requirements.

Discretion

The freedom to decide or act according to one's own judgment.

Competing Values Framework

A model that categorizes organizational cultures based on two dimensions: flexibility versus stability and internal versus external focus, highlighting the competing demands organizations face.

Hierarchy Culture

An organizational culture characterized by a structured setup where decisions follow a strict top-down approach, emphasizing control and defined roles.