The Equation Representing the Final Demand Approach to Calculating GDP

question 101

Multiple Choice

The equation representing the final demand approach to calculating GDP is

• A)Y = C + I + X + IM.
• B)Y = C + I + G.
• C)Y = G + I + X − IM.
• D)Y = C+ I + G + (X − IM).

---

Definitions:

Super

Refers to Donald E. Super’s lifespan, life-space theory, which posits that career development is a lifelong process influenced by various life roles and self-concept.

Gottfredson

A reference to Linda Gottfredson, a psychologist known for her work in career theory, intelligence, and occupational aptitude.

Holland's Theory

A career development theory proposing that people and work environments can be classified into six types, with career satisfaction increasing when there is a match.

Individuals' Abilities

The range of competencies, skills, and talents that an individual possesses, affecting their performance and achievements in various settings.