Which of the Following Statements About GDP Is Correct

question 2

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 of the economy's labor force.
• 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:

Absolute Refractory Period

A time period immediately following an action potential during which a neuron is incapable of firing a second action potential, no matter the strength of the stimulation.

Sodium Ions

Electrically charged particles of sodium, essential in physiological processes such as nerve impulse transmission and muscle contraction.

Neuron

A particular cell dedicated to transmitting signals in the nervous system; a neuron.

Hippocampus

A component of the brain located within the temporal lobe, crucial for memory formation and spatial navigation.