Question: Which is the most accurate statement? ( LO5 , 7 ) a) We may be underestimating our GDP by as much as 50 percent by

Which is the most accurate statement? ( LO5 , 7 )

a) We may be underestimating our GDP by as much as 50 percent by not taking into account the underground economy.

b) Bartered goods and services are generally counted in GDP.

c) Within the next fi ve years, China will have a larger GDP than the United States.

d) Although GDP has many shortcomings, it is still a very useful economic concept.

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