All of the following statements about GDP are false except Group of answer choices Higher GDP reflects more equal distribution in the economy. Higher the real GDP, happier is the economy. Higher GDP reflects higher economic growth of an economy. Higher GDP reflects better access to education.

Higher GDP reflects higher economic growth of an economy

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

When exports exceeds import there is a trade deficit and when import exceeds import, there is a trade surplus.  

Items not included in the calculation off GDP includes:  

1.services not rendered to oneself

2.Activities not reported to the government  

3.illegal activities

4.sale or purchase of used products

5.sale or purchase of intermediate products

6. Measures for calculating happiness. so higher GDP doesn't indicate higher happiness

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

i hope this you! : )

if you do not file your taxes you will not have a job, and you credit rate will go down.