What Is the Role of Weights in Computing GDP

question 26

Multiple Choice

What is the role of weights in computing GDP?

• A)The weights take into account the different time periods in which the goods are produced.
• B)The weights take into account the different uses of the goods and services produced.
• C)The weights take into account the different locations in which the goods are produced.
• D)The weights enable the adding up of different products.
• E)The weights take into account whether the goods and services are for private or government use.

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Definitions:

Motivated

The condition of having a drive or willingness to act or work towards a goal, often driven by needs, desires, and rewards.

Daily Target

is a specific goal or objective set to be achieved within a single business day.

Focus

The act of directing attention or resources towards a specific goal or task.

Organization

An arranged group of people with a particular purpose, such as a business, government body, or charity.