Which of the Following Statements About National- Income Accounting Is

question 88

Multiple Choice

Which of the following statements about national- income accounting is correct?

• A)The value of the expenditure on a nation's output is equal to the total income claims generated by producing that output.
• B)GDP on the expenditure side is calculated by adding up all the income claims generated by the act of production.
• C)GDP on the income side is calculated by adding up total expenditure for each of the main components of final output.
• D)The total value added in the economy is equal to the sum of all components in the circular flow of expenditure and income.
• E)GDP from the expenditure side and GDP from the income side differ by the amount of investment in the economy.

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Definitions:

Over Nutrition

A form of malnutrition where the intake of nutrients is oversupplied, leading to health issues such as obesity and related diseases.

Energy Intake

The amount of energy or calories consumed by an organism through food and drink; a crucial factor in nutrition and health.

Energy Use

Refers to the consumption of energy by human activities, primarily for power generation, transport, and manufacturing.

Vision

The ability to think about or plan the future with imagination or wisdom; also refers to guiding principles or aspirations that drive individuals or organizations.