Which of the Following Statements Is True

question 30

Multiple Choice

Which of the following statements is true ?

• A) The inclusion of intermediate goods and services into GDP calculations would underestimate our nation's production level.
• B) The expenditures approach sums the compensation of employees, rents, profits, net interest, and nonincome expenses for depreciation and indirect business taxes.
• C) Real GDP has been adjusted for changes in the general level of prices due to inflation.
• D) Real GDP equals nominal GDP multiplied by the GDP deflator.

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Definitions:

Civil and Criminal Sanctions

Penalties or coercive measures that may be imposed by civil or criminal courts for violations of laws or regulations.

Clean Water Act

A landmark United States federal law established to regulate the discharge of pollutants into the nation's surface waters, including lakes, rivers, streams, and coastal areas.

Permit System

A regulatory tool that requires individuals or companies to obtain permission, typically from a government or regulatory body, before engaging in certain activities.

Dredging and Filling Activity

Operations that involve removing material from the bottom of water bodies or filling in water bodies, often for navigation or construction purposes.