For Computing GDP, the Official Measure of the Value of All

question 126

Multiple Choice

For computing GDP, the official measure of the value of all goods produced during a period for use in the production of other goods is called:

• A) personal investment expenditure.
• B) a capital consumption allowance.
• C) a transfer payment.
• D) gross private domestic investment.

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Definitions:

Defeated

Having been overcome in a battle, competition, or other form of contest; to have lost.

Herbert Hoover

The 31st President of the United States, serving from 1929 to 1933, known for his administration’s response to the Great Depression.

Franklin Delano Roosevelt

The 32nd President of the United States (1933-1945) who led the country during the Great Depression and World War II, implementing the New Deal.

New Dealers

Proponents and implementers of the New Deal, a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s.