The Value Added Approach in Measuring GDP Is the Value

question 3

Multiple Choice

The value added approach in measuring GDP is the value of a firm's output minus

• A)The expenditures on personal consumption
• B)The change of inventories
• C)The value of inputs used to make those sales
• D)The value of foreign investment

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Definitions:

Resistance Start Induction-run Motor

A type of single-phase induction motor that uses an external resistor to increase starting torque, which is removed once the motor reaches a certain speed.

Start Winding

The winding of a split-phase motor that is connected out of phase with the run winding to produce a rotating magnetic field.

Centrifugal Switch

A switch sensitive to the speed of rotation, generally used to disconnect the start windings of a split-phase motor.

Disconnect Switch

A device used to completely de-energize a circuit for service or maintenance; it ensures the circuit is safe by physically disconnecting it from the power source.