Which Approach to Measuring GDP Is Being Used When Statistics

question 65

Multiple Choice

Which approach to measuring GDP is being used when Statistics Canada sums spending on goods and services for consumer goods,government,business investments and exports,net of imports?

• A)value added
• B)income
• C)factor cost
• D)expenditure
• E)opportunity cost

---

Definitions:

Values-Based Practice

An approach in healthcare and decision-making that prioritizes and respects the values of the people involved, ensuring that care is aligned with what matters most to them.

Multiple Role Relationship

Situations where individuals interact in more than one significant role, such as both friend and supervisor, potentially leading to conflicts of interest or ethical concerns.

Mutual Consent Relationship

A relationship where all parties involved agree upon terms and conditions voluntarily.

Landscaping Duties

The tasks involved in planning, designing, and maintaining outdoor and garden spaces to enhance their appearance and functionality.