A)
Given that GDP should equal GDI, the range of this error is important because the size of the error is similar to the average growth rate of real GDP. Therefore, a change in the error could significantly affect our understanding of the true growth rate of the economy.
True
False
B)
The range of the error does not change over time, suggesting that the measurement of GDP (GDP) is not getting better or getting worse over time.
True
False