Statements regarding gross domestic product


Which of the following statements regarding Gross Domestic Product is not true?

a. It is a stock variable.

b. It is measured for a particular time period, usually one year.

c. It is perhaps the most effective means of viewing the same economy over time.

d. It is a measure of the economy's performance.

e. It is a flow variable, not a stock variable.

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Microeconomics: Statements regarding gross domestic product
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