Which of the following is true regarding Gross Domestic Product?
A)It can only be measured from the flow of total spending.
B)It can only be measured from the flow of total income in the economy.
C)It can be measured either from total spending or total expenditure.
D)It is calculated by computing total spending and total income; the larger of the two figures is counted as GDP.
E)It can only be measured from the stock of total wealth.

Question

Quizplus · Accepted Answer

GDP can be calculated either from the total spending or the total income in the economy. Both methods should theoretically yield the same result.

Which of the Following Is True Regarding Gross Domestic Product