When GDP Is Calculated as the Final Demand for Goods

question 63

Multiple Choice

When GDP is calculated as the final demand for goods and services by consumers, businesses, governments, and foreigners, then GDP is measured by

• A)the sum of all value added.
• B)the sum of all productive resource inputs.
• C)the sum of all factor payments.
• D)the sum of final goods and services.

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Definitions:

Cylinders

Geometric shapes or mechanical parts that are solid and have straight parallel sides with a circular or oval cross-section and equally shaped ends.

Drill Bits

Cutting tools used to remove material to create holes, almost always of circular cross-section.

Taper Ratio

The ratio describing how much a tapered feature reduces in diameter over a specified length.

Taper Angle

The angle at which a tapered feature decreases in diameter from one part to another.