GDP consistently measures the output of goods and services in all countries.

Question

Quizplus · Accepted Answer

GDP does not consistently measure the output of goods and services in all countries. There are limitations and differences in how GDP is calculated and what it includes in different countries. For example, informal economies may not be fully included in GDP calculations, and different countries may have different methods of valuing goods and services.

GDP Consistently Measures the Output of Goods and Services in All