The gross domestic product of a nation:
A) is a flow variable.
B) is a stock variable.
C) could either be a flow variable or a stock variable depending on the time period considered.
D) could either be a flow variable or a stock variable depending on the share of personal consumption.

Question

Quizplus · Accepted Answer

GDP is a flow variable because it measures the total value of goods and services produced in a country within a specific time period, usually a year. It is a measure of the economy's output over a given time, rather than a stock of wealth accumulated over time.

The Gross Domestic Product of a Nation