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:

Painful Experience

An unpleasant sensory and emotional experience associated with actual or potential tissue damage.

Dangerous to Humans

Referring to substances, actions, or organisms that pose a risk of harm or injury to human beings.

Gradual Exposure

A therapeutic technique involving slowly and progressively introducing a person to a feared object or situation to reduce anxiety.

Unconscious Motivations

Drives and desires that influence an individual's behavior without their conscious awareness.