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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Person Factor

Attributes or characteristics inherent to an individual that can influence behavior and outcomes.

Self-Efficacy

A person's belief in their ability to succeed in specific situations or accomplish a task.

Self-Monitoring

The process of observing and regulating one's own behavior in social situations to fit social norms or to achieve personal goals.

Self-Control

The ability to regulate and control impulses, emotions, and behaviors to achieve long-term goals.