Gross Domestic Product in 2017 is more than five times larger than it was in 1960 but it is important to note that
A)none of the growth represented additional output of goods and services.
B)this measurement of output fails to account for any of the effects of inflation.
C)the population also grew substantially over the same time period.
D)available graphs of output are unable to display such growth.

Question

Quizplus · Accepted Answer

It is important to note that the population also grew substantially over the same time period, which could have contributed to the growth in GDP. A and B are incorrect because additional output of goods and services can contribute to the growth of GDP and inflation is taken into account when measuring GDP. D is incorrect because available graphs can display the growth in GDP over time.

Gross Domestic Product in 2017 Is More Than Five Times