Question: Which statement is true? (LO7) a) There is an inconsistency between the defi nition of GDP and the way it is compiled by the U.S.

Which statement is true? (LO7)

a) There is an inconsistency between the defi nition of GDP and the way it is compiled by the U.S.

Department of Commerce.

b) GDP is an accurate measure of production in the United States.

c) U.S. GDP fi gures include estimates for production in the underground economy.

d) Our GDP would grow faster if we had less infl ation.

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