A statistical discrepancy
A)exists because data sources are not perfect, so measures of expenditures and income are not equal.
B)insures that GDP will approximately equal GNP.
C)explains the close association between GDP and quality of life measures such as literacy and life expectancy.
D)explains the inadequacy of GDP in capturing the value of leisure and the value of a clean environment.

Question

Quizplus · Accepted Answer

Statistical discrepancies arise because data sources are imperfect, leading to differences between measured expenditures and income, which should theoretically be equal in the calculation of GDP.

A Statistical Discrepancy