Gross Domestic Product (GDP) is a flow concept, measures recorded economic activity, is a measurement over time is a flow concept, measures unrecorded economic activity, is a measurement over time is a stock concept, measures unrecorded economic activity, is a measurement at a point in time is a stock concept, measures recorded economic activity, is a measurement at a point in time

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter11: Gross Domestic Product
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Gross Domestic Product (GDP)
O is a flow concept, measures recorded economic activity, is a measurement over time
O is a flow concept, measures unrecorded economic activity, is a measurement over time
O is a stock concept, measures unrecorded economic activity, is a measurement at a point in time
O is a stock concept, measures recorded economic activity, is a measurement at a point in time
Transcribed Image Text:Gross Domestic Product (GDP) O is a flow concept, measures recorded economic activity, is a measurement over time O is a flow concept, measures unrecorded economic activity, is a measurement over time O is a stock concept, measures unrecorded economic activity, is a measurement at a point in time O is a stock concept, measures recorded economic activity, is a measurement at a point in time
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