When the Production Process Extends Over More Than One Year

question 42

Multiple Choice

When the production process extends over more than one year, the value of the final product is:

• A)included in GDP for the year in which production began.
• B)included in GDP for the year in which production was completed.
• C)allocated to GDP in each year according to the value added in that year.
• D)allocated equally to GDP in each year.

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Definitions:

Lobster

A marine crustacean with a long body, muscular tail, and live in burrows on the sea floor.

Immature Cells

Cells that have not yet developed the distinct features and functions of mature cells in their lineage.

Specialized Functions

Specific tasks or roles that certain organs, tissues, or cells in an organism are adapted to perform.

Differentiation

The process by which cells or tissues undergo a change toward a more specialized form or function, often seen in development.