GDP Can Be Calculated by the Value-Added Approach, Which

question 184

Multiple Choice

GDP can be calculated by the value-added approach, which

• A)is useful in avoiding double counting.
• B)includes only the value-added portion from the sale of goods and services.
• C)includes the revenue a firm receives from selling a product minus the amount paid for goods purchased from other firms.
• D)All of the above correct.

---

Definitions:

Human Resources

The department within an organization that is responsible for hiring, training, managing, and retaining employees.

Markov Analysis

A statistical technique used to predict future states of a system based on its current state and known transition probabilities, often applied in workforce planning and decision making.

Talent Management

The ongoing process of identifying, hiring, developing, and retaining employees who are considered to be of high value to an organization.

High Potential

Individuals identified within an organization who have the ability, engagement, and aspiration to rise to and succeed in more senior, critical positions.