Which of the following statements about GDP is correct? - 2858

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Which of the following statements about GDP is correct? 

A. GDP increases if the total population increases.

B. Money continuously flows from households to government and then back to households, and GDP measures this flow of money.

C. GDP measures two things at once: the total income of everyone in the economy and the unemployment rate.

D. GDP is to a nation’s economy as household income is to a household.

 
Solution Description

Which of the following statements about GDP is correct?