GDP tells us:
A) how much the nation produced in a year.
B) how much wealth the nation has accumulated in its entire history.
C) the value of the nation's entire stock of assets,excluding financial assets.
D) the value of the nation's entire stock of assets,excluding natural resources.

Question

Quizplus · Accepted Answer

GDP measures the total value of goods and services produced in a country in a given year, making choice A the correct answer. It only reflects economic activity for that year and does not take into account accumulated wealth or stock of assets.

GDP Tells Us