GDP Is the Total

question 197

Multiple Choice

GDP is the total:

• A) value of all transactions in a year.
• B) value of all final goods and services produced in a year.
• C) value of all final goods and services produced by Americans at home and abroad in a year.
• D) value of all goods produced in the economy in a year.

---

Definitions:

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.

Privacy, Ethics, and Culture

The interplay between maintaining individual privacy, adhering to ethical standards, and respecting cultural norms within a society or organization.

Operational Automation

The use of technology to perform tasks and processes in a business operation without human intervention, improving efficiency and accuracy.

Environmental Scan

The process of collecting information about the external and internal environments to identify opportunities and threats.