Which of the following statements is LEAST consistent with the lecture content on 'Gross

Domestic Product (GDP):

Gross Domestic Product measures the value of final goods and services produced in

the economy over a period of time.

A common way to estimate Gross Domestic Product is the sum of consumption by

households of final goods and services, investment in financial assets, government

expenditure and exports less imports.

Real GDP removes the effects of inflation in the price of goods and services in the

measure of aggregate goods and services produced.

The value of aggregate expenditure on final goods and services in the economy is

roughly equivalent to the value of final goods and services produced and the

aggregate level of income.