GDP Can Be Measured

question 73

Multiple Choice

GDP can be measured

• A)either in terms of the total value of output produced or as the total value of consumer expenditures on goods and services.
• B)either in terms of the total value of output produced or as the total value of income generated in producing that output.
• C)either in terms of the total value of income generated in producing a nation's output or as the total sales of a nation's output.
• D)either in terms of the total value of inputs used to produce a nation's output or as the cost of producing of that output excluding profit.

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Definitions:

Ethnocentrism

The act of judging another culture solely by the values and standards of one's own culture.

Parochialism

Parochialism assumes the ways of your culture are the only ways of doing things.

Reflective Reasoning

A cognitive process involving active and careful consideration of beliefs or knowledge in light of evidence or arguments.

Cross-Cultural Communication

The process of recognizing and understanding the differences and similarities in communication that occur across different cultures.