Easy
1 point
ID: #2449
Question
Gross national product (GDP) measures:
Options
1
Income earned by households
Correct Answer
2
The income received by households plus the income kept by businesses
Correct Answer
3
The economic welfare of a nation
Correct Answer
4
The final output of goods and services produced in an economy
Correct Answer
Explanation
GDP measures the final output of goods and services produced in an economy, representing the total economic activity within a country.