The Income Approach to Measuring GDP

question 104

Multiple Choice

The income approach to measuring GDP

• A) determines the cost of production, then adjusts it to equal the market value of production.
• B) sums all incomes earned in the United States and makes no other adjustments because other adjustments are not necessary.
• C) measures the cost of producing GDP rather than the market value.
• D) sums the value at each stage of production plus the value of depreciation.

---

Definitions:

Imitate

To copy or mimic the actions, appearance, or speech of another person or thing, often to learn or practice a specific behavior or skill.

Aggressive Behavior

Actions intended to harm or intimidate others, which can be a response to a perceived threat or a means to assert dominance.

Passive Avoidance

A learning process in which an individual learns to refrain from certain behaviors to avoid a negative outcome.

Mild Punishing Stimuli

Stimuli that are not severely harmful or painful but are used to decrease the likelihood of a behavior recurring.