Question 1Which statement is true?A. GDP is a virtually perfect measure of natio

Question 1Which statement is true?A. GDP is a virtually perfect measure of national output.B. GDP takes into account pollution crime and even personal satisfaction.C. GDP is a single number that seeks to measure our national output.D. There is no relationship between our GDP and our national output.Question 2Which of the following is an intermediate good or service?A. A paint gun purchased by Handy AndyB. A dozen boxes of Girl Scout cookies purchased by your instructorC. A computer purchased by a farmer in Smallville KansasD. Glue purchased by McGraw-Hill to bind your textbookQuestion 3__________ is the market value of a firm s output less the value of the inputs the firm has bought from the previous seller.A. Value addedB. Net Domestic ProductC. Real GDPD. Genuine Progress IndexQuestion 4Which is the smallest?A. Net domestic productB. National incomeC. Government expendituresD. Net exports