GDP is a flow variable because it measures the process of production and is independent of time.
Correct Answer:
Verified
Q9: When people buy land,their purchases are included
Q10: GDP measures the output produced within a
Q11: This year,Tom sold his 1998 minivan to
Q12: Which of the following is the best
Q13: Which of the following units is used
Q15: When measuring GDP,economists count only the values
Q16: The precise definition of GDP is the
Q17: Used car dealerships add nothing to GDP
Q18: Which of the following is the best
Q19: Gross domestic product (GDP)is
A) the total value
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents