Question: Which statement is incorrect about GDP? Select one: a. Calculation of GDP involves prices of goods and services b. GDP is not the same concept

Which statement is incorrect about GDP?

Select one:

a. Calculation of GDP involves prices of goods and services

b. GDP is not the same concept as disposable income

c. It measures total output of the economy in a given period

d. GDP per capita is used as an indicator of national wellbeing

e. It measures income minus taxes of the economy in a given period

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