GDP:
A) is a measure of national wealth.
B) measures the stock of assets,while national wealth measures production in a year.
C) measures production in a year,while national wealth measures a stock of assets.
D) is usually higher than national wealth.

Question

Quizplus · Accepted Answer

GDP measures the total value of goods and services produced within a country in a year, while national wealth measures the total value of all assets held by a country. Therefore, C is the correct choice as it accurately describes the difference between these two concepts. Option A and Option D are incorrect as GDP is not a measure of national wealth, and it may or may not be higher than national wealth. Option B is incorrect as it describes the difference between GDP and another concept, rather than national wealth.