Which of the Following Is Not Counted in GDP

question 38

Multiple Choice

Which of the following is not counted in GDP?

• A)The services provided by a maid
• B)Aan increase in inventories held by firms
• C)The change in Social Security payments received by individuals
• D)The commissions earned by a salesman

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Definitions:

Factor Weighting Technique

A method used in decision-making that assigns different weights to various factors or criteria according to their importance or relevance.

Supplier Selection

The process of evaluating and choosing suppliers based on criteria such as price, quality, reliability, and service to ensure the best value for the purchasing organization.

Supplier Criteria

Supplier criteria are the set standards or requirements that a company uses to evaluate and select suppliers, including quality, reliability, cost, and delivery performance.

Composite Score

An aggregate score that combines several individual metrics or scores into a single overall measurement, often used in assessments or evaluations.