Question:
Which of the following statements is false?
AGDP measures the value of all the goods and services produced in the economy.
BGDP stands for gross domestic product.
CGDP excludes intermediate goods and services.
DGDP equals wages plus trading profits.
Answer:
A. GDP measures the value of all the goods and services produced in the economy.
Explanation:
GDP covers only final goods and services, and excludes intermediate goods and services.