______________ is a set of official government statistics on aggregate economic activity in production, income, investment and savings.
A. GDP
B. GNP
C. Market value
D. National income accounting
Letter A. It
is Gross Domestic Product or GDP. All
the factors listed fall within the Gross Domestic Product. It covers all economic activity within a
country. It also deals with the spending
activity of consumers in a country. It
can be computed either by the year or four times a year.
