GDP is a measure of total
A) expenditures.
B) income.
C) income and expenditures.
D) income but not expenditures.
E) expenditures but not income.

Question

Quizplus · Accepted Answer

GDP measures both income and expenditures within an economy. It includes the total value of goods and services produced (income) and the total amount spent on those goods and services (expenditures). Therefore, choice C is the best answer as it combines both income and expenditures.

GDP Is a Measure of Total