Balancing items in the current accounts can be presented in either gross or net terms. Which of the following statements is true? Select one best answer.

a) The difference between the two versions is consumption of fixed capital, which is deducted to form the net version and is not deducted in the gross version of the balancing item. Net domestic product deducts consumption of fixed capital, whereas gross domestic product does not deduct it

b) Consumption of fixed capital occurs when people’s consumption is greater than their disposable income, so a portion of their consumption comes from their wealth

c) Consumption of fixed capital is accurately measured based on the accounting records kept by enterprises

d) The difference between the gross and net versions is the change in inventories, which is deducted to form the net version and is not deducted in the gross version of the balancing item