GDP
A) is a stock measure since it represents the total market value.
B) is a flow measure since it represents the value of a flow of production over a year's period.
C) is neither a stock or flow measure since it is measured in dollars.
D) could be either a stock or flow measure depending upon whether it is measured in dollars or units of production.

Question

Quizplus · Accepted Answer

GDP is a flow measure because it measures the value of goods and services produced within a country's borders during a specific period, usually one year. It represents a flow of production over time, rather than a stock of accumulated value.