GDP Is

question 31

Multiple Choice

GDP is

• A)an imperfect measure of the standard of living.
• B)the only factor that affects our standard of living.
• C)a perfect measure of the value of production.
• D)a perfect measure of the standard of living.
• E)a measure which includes the value of all newly produced goods and services.

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Definitions:

Prudent

Acting with or showing care and thought for the future, often in personal or financial decisions.

Conscious

Being aware of one's surroundings and of one’s thoughts and sensations; awake.

Programmatic Accreditation

A form of accreditation that specifically evaluates certain programs, departments, or schools within an institution rather than the institution as a whole.

Accrediting Commission

An organization that evaluates and recognizes institutions or programs of study as meeting certain predetermined criteria.