The GDP Includes All of the Following in Its Measures

question 1

Multiple Choice

The GDP includes all of the following in its measures of economic growth except ______________.

• A)the income from the sales of goods abroad
• B)human well- being
• C)medical costs
• D)the costs of replacing outdated equipment used on farms and in industrial manufacturing

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Definitions:

Budget Plan

A detailed outline of expected income and expenses over a given period, helping individuals or organizations manage their finances.

kWh

Stands for kilowatt-hour and is a unit of energy representing one kilowatt of power expended for one hour, commonly used to measure electricity consumption.

Electricity Charge

The cost incurred from consuming electric power, reflected as part of a utility bill.

Water Meter

A device installed to measure the volume of water usage in residential, commercial, or industrial properties.