Which of the Following Is a Way to Compute GDP

question 92

Multiple Choice

Which of the following is a way to compute GDP?

• A)total income earned.
• B)total expenditures on final goods.
• C)add up the market values of all final goods and services.
• D)All of the above are correct.

---

Definitions:

Average Costs

The total cost of production divided by the number of goods produced, representing the cost per unit of output.

Diseconomies of Scale

The situation in which a firm's long-run average costs begin to increase as the firm expands output beyond a certain point.

Student Enrollment

The process by which students register for and commit to participating in educational programs or courses at an institution.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced.