________ Consist(s) of the Dual Processes of Assimilation and Accommodation

question 10

Multiple Choice

________ consist(s) of the dual processes of assimilation and accommodation.

• A) Concrete operational
• B) Adaptation
• C) Preoperational
• D) Formal operations

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Definitions:

Expenditures Approach

A way of computing GDP by adding up the dollar value at current market prices of all final goods and services.

Income Approach

Method of finding GDP by adding all the incomes earned in the production of final goods and services.

Gross Domestic Product

The overall market or monetary value of all completed goods and services that have been created inside the confines of a nation during a defined timeframe.

Market Value

The current price at which an asset or service can be bought or sold in the marketplace.