The Statement That "GDP Values All Output Equally" Means That

Multiple Choice

The statement that "GDP values all output equally" means that

A) household production is treated the same as production by firms
B) depreciation of manufactured capital is treated the same as depletion of natural resources
C) the purchase of pollution control equipment is valued the same as the pollution itself
D) leisure time is valued the same as time spent working at a job
E) the market price of output is the measure of that output's value