Which of the Following Will Be Included in the Calculation

question 186

Multiple Choice

Which of the following will be included in the calculation of GDP using the income-based method of national accounting?

• A) A worker's retirement benefits
• B) A firm's expenditure on raw materials
• C) A consumer's expenditure on an imported car
• D) A student's expenditure on education

---

Definitions:

Creditors

Individuals or entities to whom money is owed by a debtor.

Promotional Campaign

A coordinated series of marketing messages and activities aimed at generating awareness or stimulating demand for a product or service.

Competitors' Strengths

The unique advantages or positive attributes that competitors possess, which can include superior technology, market position, or customer service.

Just-In-Time Processes

A strategy in manufacturing and inventory management where materials and products are produced or acquired only as needed for immediate use, minimizing waste and storage costs.