Double Counting in GDP Accounting

question 153

Multiple Choice

Double counting in GDP accounting:

• A) refers to the fact that accountants check their figures twice.
• B) refers to the inclusion of both intermediate goods and final goods in GDP.
• C) is the method of using both income and expenditures in measuring GDP.
• D) is the method of calculating the GDP by including the net incomes received by residents of a nation living abroad.

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Definitions:

Systems Therapy

A therapeutic approach that emphasizes understanding individuals within the context of their relationships, viewing problems within the dynamics of the entire system.

Homeostasis

The tendency of a system, especially the physiological system of living organisms, to maintain internal stability.

Reframing

A cognitive behavioral therapy technique that involves changing the way a situation is perceived to manage feelings and behaviors more effectively.

Strategic Therapy

A therapeutic approach that focuses on solving specific problems within the family or individual, often through direct interventions and carefully designed strategies.