Read the two statements and choose the correct option.
I. In practice, the three methods can give slightly different totals because of gaps in data.
II. In theory, the three methods give the same total.

Only ICorrect answerYour answerOnly IICorrect answerYour answerBoth I and IICorrect answerYour answerNeither I nor IICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

Official estimates show a 'discrepancies' line because data are collected from different sources. I is true.
In theory, output, income and spending are one flow, so II is also true.

Ten questions from Measuring National Income, at your own pace.

Ten questions from Measuring National Income, at your own pace.

Read the two statements and choose the correct option.I. In practice, the three methods can give slightly different totals because of gaps in data.II. In theory, the three methods give the same total.