The Three Methods for Computing GDP Include

question 84

Multiple Choice

The three methods for computing GDP include

• A) the expenditure approach,the value-added approach,and the factor payments approach
• B) the expenditure approach,the value-added approach,and the productivity approach
• C) the productivity approach,the value-added approach,and the factor payments approach
• D) the expenditure approach,the productivity approach,and the factor payments approach
• E) the output approach,the productivity approach,and the factor payments approach

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Definitions:

Financing Option

Various methods or strategies available to businesses or individuals to fund projects, purchases, or investments.

Legal Entity

An organization that has legal rights and obligations, including the ability to enter into contracts and sue or be sued.

Legal Rights

Legal rights are entitlements or permissions granted to individuals by law, protecting them and allowing certain actions or claims.

Incorporating

The process of legally forming a corporation, which is recognized as a separate legal entity from its owners.