Which of the Following Values Would Be Included in U

question 139

Multiple Choice

Which of the following values would be included in U.S.GDP for 2006?

• A) the rent that John,an American citizen,would have paid on his home in New York in 2006 had he not owned that home
• B) the rent that Sarah,an American citizen,paid on her apartment in San Francisco in 2006
• C) the value of the legal services provided by Carlos,an attorney and a Mexican citizen,who lived in Houston and practiced law there in 2006
• D) All of the above would be included in U.S.GDP for 2006.

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Definitions:

Workforce Expansion

The process of increasing the number of employees within an organization to meet business needs.

LEAN

A systematic approach to minimizing waste within a manufacturing system without sacrificing productivity.

Six Sigma

A set of techniques and tools for process improvement aimed at reducing defects and variability in manufacturing and business processes.

Forecast Period

The specific time period in the future for which forecasts of variables such as demand, costs or weather are made.