Which of the Following Methods Could Be Used to Calculate

question 74

Multiple Choice

Which of the following methods could be used to calculate GDP?

• A)the sum of all spending on final goods and services 
• B)the sum of all factor payments plus depreciation and indirect business taxes 
• C)the sum of all values added at each stage of production 
• D)All of the above could be used.

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Definitions:

Denying

The action of declaring something to be untrue or rejecting the reality of a situation.

Formal Thought Processes

The capacity for abstract, logical, and systematic thinking, typically associated with the cognitive development in adolescence.

Attribute Behavior

The act of explaining behaviour by attributing it to internal or external causes or characteristics.

Environmental Context

The surrounding conditions, influences, or forces which affect the development or behavior of individuals or systems.