Which of the Following Is True Regarding the Measurement of GDP

question 28

Multiple Choice

Which of the following is true regarding the measurement of GDP?

• A)Consumption and investment are used in the income approach to GDP.
• B)Investment and wages are expenditures , and are therefore are used in the expenditure approach to GDP.
• C)Wages and consumption are used in the expenditure approach to GDP.
• D)Government expenditure is only counted in the income approach to GDP.
• E)Wages and profit income are used in the income approach to GDP.

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Definitions:

Driving Change

The process of actively steering organizational processes, culture, or direction to achieve a specific goal or outcome.

Industries

Sectors of the economy made up of manufacturing, services, agriculture, and companies that produce or sell similar products or services.

Employment Uncertainty

The state of being unsure about one's job security and future career prospects.

Acquisition Strategies

Strategies employed by organizations to acquire or merge with other companies to increase market share, diversify products, or achieve other business objectives.