Either Haley Anderson or Simone Manuel Won an Olympic Gold

question 265

Multiple Choice

Either Haley Anderson or Simone Manuel won an Olympic gold medal in 2016. Haley Anderson did not win one in 2016. Thus, Simone Manuel did.

• A) Inductive, strong.
• B) Deductive, invalid.
• C) Deductive, valid.
• D) Inductive, cogent.
• E) Inductive, weak.

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Definitions:

Market Value

is the amount for which something can be sold in a given market at a particular time.

Final Products

Goods and services that have completed the production process and are intended for final consumption or investment.

Value Added Approach

This is a method for calculating GDP that sums the values added at each stage of production, avoiding the double-counting of intermediate goods.

Calculating GDP

The process of estimating the total monetary value of all finished goods and services produced within a country's borders in a specific time period.