The Two Ways of Looking at GDP Are the

question 211

Multiple Choice

The two ways of looking at GDP are the

• A) output approach and expenditures approach.
• B) income approach and saving approach.
• C) expenditures approach and income approach.
• D) output approach and consumption approach.

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Definitions:

Strike Activity

Actions taken by workers, typically involving stopping work, to protest working conditions or other labor issues.

WWI

World War I, a global conflict that lasted from 1914 to 1918, involving many of the world's great powers, organized into two opposing alliances: the Allies and the Central Powers.

WWII

The Second World War, a global conflict that lasted from 1939 to 1945, involving most of the world's nations.

Legal Right

An entitlement derived from a legal system that allows or empowers a person to act in a certain way or requires others to treat the person in a certain way.