To Calculate GDP from the Income Side,one Must Add Together

question 3

Multiple Choice

To calculate GDP from the income side,one must add together wages,

• A)consumption and depreciation.
• B)interest,rent,depreciation,profits and indirect taxes net of subsidies.
• C)investment,rent,depreciation,profits and indirect taxes net of subsidies.
• D)government income,interest,and profits.
• E)net exports,depreciation,and profits.

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Definitions:

Moral Development

The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, laws, and rules.

Preconventional Reasoning

The lowest level in Kohlberg’s theory. At this level, morality is often focused on reward and punishment. The two stages in preconventional reasoning are punishment and obedience orientation (stage 1) and individualism, instrumental purpose, and exchange (stage 2).

Individualism

A theory in society that prioritizes individual freedom over the control of groups or governmental authority.

Piaget's Methods

Techniques used by Jean Piaget, including naturalistic observation and clinical interviews, to study cognitive development in children.