Multiple Choice
Which statement about gross domestic product is FALSE?
A) It is aggregate output.
B) It is the total production of final goods and services.
C) It grows during an expansion.
D) It is the total production of all final and intermediate goods and services.
Correct Answer:

Verified
Correct Answer:
Verified
Q108: Value added in national income accounts refers
Q109: The national income and product accounts keep
Q110: The national income and product accounts keep
Q111: Use the following to answer questions: <img
Q112: Which item is included in GDP?<br>A) the
Q114: Included in GDP is the dollar value
Q115: The circular-flow diagram is important because it
Q116: In the factor markets:<br>A) households supply goods
Q117: Which definition BEST describes GDP?<br>A) the total
Q118: The national accounts do NOT keep track