Which of the Following Methods Could Be Used to Calculate

question 74

Multiple Choice

Which of the following methods could be used to calculate GDP?

• A)the sum of all spending on final goods and services 
• B)the sum of all factor payments plus depreciation and indirect business taxes 
• C)the sum of all values added at each stage of production 
• D)All of the above could be used.

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Definitions:

Government Assistance

Financial or other support provided by government agencies to individuals, organizations, or sectors in need.

Normative Isomorphism

The process by which organizations conform to the norms and values of their environment to gain legitimacy.

Professionalism

The conduct, behavior, and attitude deemed appropriate and expected from someone in a professional setting.

Bureaucracy

A system of administration marked by officialism, red tape, and a clear hierarchy, often used in large organizations and government.