Imagine That You Were Reading an International Marketing Text in Which

Multiple Choice

Imagine that you were reading an international marketing text in which you learned that the GDP for one of the former members of the Soviet Union was $1.56 billion. A few pages later in the same text, the book states that that nation's real GDP was $800,000. From reading this information, what could you conclude?

A) The second GDP measurement reflected only the value of the products produced in the nation and did not include the value of services.
B) The various methods used to calculate GDP do not produce the same results.
C) GDP is an approximation of the actual total value.
D) This former member of the Soviet Union had a high rate of inflation.