To Avoid Multiple Counting in National Income Accounts

question 55

Multiple Choice

To avoid multiple counting in national income accounts,

• A)only final goods and services should be counted.
• B)intermediate goods and services should be counted.
• C)both final and intermediate goods and services should be counted.
• D)primary, intermediate, and final goods and services should be counted.

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Definitions:

Power Distance

A cultural dimension that reflects the extent to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.

Low Power Distance

A societal characteristic where individuals perceive little difference in power and status among members, promoting equality and challenging authority.

Feedback

The information and reactions received about an individual's performance or about the results of a business activity, used as a basis for improvement.

Managing Cultural Differences

The practice of acknowledging and adapting to cultural variations in a global business environment.