Which of the folowing statements shows accurate understanding of a macroeconomic concept?
- AOption (a)
Gross Domestic Product includes earnings sent home by citizens working abroad.
- BOption (b)
When the general price level rises, the value of money tends to fall.
- COption (c)
A country's budget is considered balanced when exports exceed imports.
- DOption (d)
The central bank controls inflation mainly through changes in income tax rates.
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Correct answer
Gross Domestic Product includes earnings sent home by citizens working abroad.