GDP Can Be Calculated Only by Using the ____ Approach

question 54

Multiple Choice

GDP can be calculated only by using the ____ approach.

• A)spending
• B)income
• C)spending, income, production, or the NIPA
• D)spending, income, or production
• E)production

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Definitions:

Accounts Receivable

The amount customers are required to pay a business for goods or services already received but not yet settled.

NSF

An abbreviation for "Non-Sufficient Funds," indicating that a cheque cannot be honored because the account does not have enough money.

Cash Management

The strategy and processes employed by a company to manage its cash flow effectively, ensuring liquidity and minimizing risk.

Inventory Levels

Refers to the quantity of goods available for sale and use by a business at any given time.