GDP measures two things at once. The total income of everyone in the economy and the total expenditure (demand) of the economy's output of goods and service. For an economy as a whole, income must equal expenditure. 1. True2. False
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Home » Business » GDP measures two things at once. The total income of everyone in the economy and the total expenditure (demand) of the economy's output of goods and service. For an economy as a whole, income must equal expenditure. 1. True2. False