In Order to Include Many Different Goods and Services in an Aggregate

question 53

Multiple Choice

In order to include many different goods and services in an aggregate measure, GDP is computed using, primarily,

• A)values of goods and services based on surveys of consumers.
• B)market prices.
• C)quantities purchased by a typical urban household.
• D)profits from producing goods and services.

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Definitions:

Across Cultures Competency

The ability to understand, communicate, and effectively interact with people across diverse cultures.

Embrace Similarities

The act of recognizing and valuing the common traits or characteristics shared among individuals or groups.

Nations and Cultures

The diverse set of customs, traditions, values, and social behaviors that are characteristic of a particular nation or social group.

Change Competency

The capability of individuals or organizations to effectively manage and adapt to changes.