Which of the Following Is a Way to Compute GDP

question 69

Multiple Choice

Which of the following is a way to compute GDP?

• A)add up the wages paid to all workers
• B)add up the quantities of all final goods and services
• C)add up the market values of all final goods and services
• D)add up the difference between the market values of all final goods and services and then subtract the costs of producing those goods and services

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Definitions:

Barry Halper

A prominent collector known for his extensive collection of baseball memorabilia and artifacts.

Madame Tussaud's

A famous wax museum founded by wax sculptor Marie Tussaud, known for its lifelike wax figures of celebrities, historical figures, and politicians.

Soft Drinks

Non-alcoholic beverages that are usually carbonated and flavored, such as soda or cola.

Dr. John Styth Pemberton

The pharmacist and Confederate States Army veteran who invented Coca-Cola in the late 19th century.