In Calculating the GDP, National Income Accountants

question 208

Multiple Choice

In calculating the GDP, national income accountants

• A)treat inventory changes as an adjustment to personal consumption expenditures.
• B)ignore inventories because they do not represent final goods.
• C)subtract increases in inventories or add decreases in inventories.
• D)add increases in inventories or subtract decreases in inventories.27-8

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Definitions:

Eco-efficiency

The practice of creating more goods and services while using fewer resources and creating less waste and pollution.

Sustainable Value Innovation

The creation of business value through innovations that reduce environmental impact and conserve resources while meeting customer needs.

Beyond Compliance Leadership

A proactive approach by businesses to go above and beyond the minimum legal requirements, aiming for higher ethical and environmental standards.

Eco-branding Strategy

A marketing approach focusing on promoting a brand's commitment to environmental sustainability to appeal to eco-conscious consumers.