Which of the Following Statements Regarding the Gross Domestic Product

Multiple Choice

Which of the following statements regarding the gross domestic product is true?

A) It is useful in comparing the overall performances of different economies at the same time.
B) It measures aggregate income in an economy over a period of ten years.
C) It measures the value of all goods and services produced in the world during a given period.
D) It is a measure of an economy's price level during a particular year.
E) It is the difference between the value of all goods and services produced by the government and the value of those produced by the private sector.