Which of the Following Statements Is True

question 26

Multiple Choice

Which of the following statements is true?

• A)GDP calculated by income approach is greater than GDP calculated by expenditure approach.
• B)GDP calculated by product approach is greater than GDP calculated by expenditure approach.
• C)GDP calculated by expenditure approach is greater than GDP calculated by product approach.
• D)All three approaches for calculating GDP will result in the same value for GDP.

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Definitions:

Calculated Data Type

A data type that generates values based on calculations performed on data within a database, often used in fields in a table that require automatic computation.

Access

The ability or right to enter, approach, or use something; in computing, it often refers to the ability to retrieve or modify information in a database or system.

Sequential Number

A number that follows a particular sequence or order, often used for organizing and identifying items in a list or series.

Record

A collection of related fields of information treated as a single unit, often stored in a database or spreadsheet.