To Calculate GDP Using the Value-Added Method,one Would Add Up

question 118

Multiple Choice

To calculate GDP using the value-added method,one would add up

• A)the market value of final goods and services produced during a particular period.
• B)only the value added by the underground economy.
• C)the value added by each firm involved in the production of final goods and services.
• D)the market value of intermediate goods and services produced during a particular period.

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Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to each number before averaging.

Ordinary Shares

Equity securities representing ownership in a company, entitling holders to vote on corporate matters and share in profits through dividends.

Dilutive Securities

Financial instruments that could reduce earnings per share if converted to common stock, such as warrants and convertible bonds.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to some of the numbers more than others.