Recall the Application About the Size of Wal-Mart to Answer

question 62

Multiple Choice

Recall the Application about the size of Wal-Mart to answer the following question(s) . During 2008, Wal-Mart's sales were approximately $374 billion, or roughly 2.6 percent of U.S. GDP, and its cost of sales was $286 billion.
-According to this Application, by using a value-added approach to measure Wal-Mart's sales impact on the economy, we are

• A) using a chain-weighted index.
• B) avoiding double-counting.
• C) including GDP as a measure of welfare.
• D) excluding the net foreign sector.

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Definitions:

Treaty

An agreement under international law entered into by sovereign states and international organizations.

United States Constitution

The supreme law of the United States, outlining the national frame of government and fundamental principles and rights.

Role-taking

The process of mentally assuming the perspective of another in order to understand their thoughts, feelings, or actions, often used as a basis for empathy and social interaction.

The Looking-glass Self

A social psychological concept that suggests a person's self grows out of society's interpersonal interactions and the perceptions of others.