GDP Can Only Be Calculated According to Two Different Approaches

question 62

True/False

GDP can only be calculated according to two different approaches: GDP as output and GDP as income.

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Definitions:

Gainsharing

A performance-based compensation program where the savings or gains from increased productivity are shared with employees.

Standard Error

A measure of the precision of a sample's mean estimate of a population mean.

Confidence Interval

A variety of values, sourced from sampling data, predicted to hold the value of an undetermined population attribute.