What Is a Final Good in the Computation of GDP

question 101

Multiple Choice

What is a final good in the computation of GDP?

• A) A new or used finished good that has been manufactured
• B) A good that is used in the production of another good (such as buttons for shirts)
• C) A good that is used or consumed at the end of a process (such as dessert after dinner)
• D) A finished good that is being sold to end users

Grasp the definition and process of becoming a B Corporation.

Comprehend the importance of a public relations and communications specialist in managing corporate social responsibility, particularly for large corporations.

Recognize the strategic use of public relations in promoting corporate events and initiatives.

Distinguish between cause promotions and corporate philanthropy through specific business models.

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Definitions:

Henry Paulson

A former American banker who served as the Secretary of the Treasury during the critical period of the financial crisis in 2007-2008.

Great Recession

A severe global economic downturn that occurred from late 2007 through mid-2009, marked by significant declines in economic activity and employment.

Retirement

The process of leaving one's job and ceasing to work, typically upon reaching a certain age, often accompanied by receiving pension benefits.

Private Pensions

Retirement plans funded and managed by private sector employers, unions, or organizations, as opposed to government-run social security schemes.