In 2017/18, Australian GDP was
A) $1,848 billion using the expenditure approach .
B) $1,848 billion million using the income approach.
C) $1,289 billion using the expenditure approach and $1,458 billion using the income approach.
D) $2 trillion using the income approach and $1 trillion using the expenditure approach.
E) Both A and B are correct.

Question

Quizplus · Accepted Answer

Both statements A and B are intended to convey the same figure for the Australian GDP ($1,848 billion), but statement B contains a typographical error ("billion million"). The correct interpretation is that both are attempting to state the same correct value using different approaches, hence both are considered correct despite the error in B.

In 2017/18, Australian GDP Was