The Statistic Called Gross Output (GO) Is Bigger Than GDP

question 141

True/False

The statistic called Gross Output (GO) is bigger than GDP, because GO sums up the values in all stages of a productive economy, whereas GDP accounts only for the final stage.

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Definitions:

Industrial Training

Educational and training programs focused on developing the skills and knowledge necessary for employment in industries and manufacturing.

Curriculum

The subjects comprising a course of study in a school or college.

Hampton Institute

Now known as Hampton University, it is a historically Black university located in Hampton, Virginia, established in 1868 to educate freed slaves.

Jack Johnson

The first African-American world heavyweight boxing champion, holding the title from 1908 to 1915, known for breaking color barriers in the sport.