To Calculate GDP

question 168

Multiple Choice

To calculate GDP:

• A)add the quantity of all final goods and services produced in an economy in a year.
• B)add the quantity of all goods and services sold in an economy in a year.
• C)weight the output of each final good and service produced in an economy in a year by its price in that year and then total the result.
• D)weight the output of each good and service produced in an economy in a year by its price in that year and then total the result.

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Definitions:

Reward System

A structured scheme for the distribution of benefits, such as money, benefits, or recognition, to individuals based on their contributions to organizational or group objectives.

Perceived

Regarded in a certain way based on the interpretation or impression of the observer.

Unfair

Characterized by lacking impartiality, equity, or justice; not in accordance with accepted standards of behavior or fairness.

Behavior

The actions or reactions of an individual, in response to external or internal stimuli.