Suppose National Accounting Was Done by Adding Up the Market

question 84

Multiple Choice

Suppose national accounting was done by adding up the market values of all outputs of all firms.This approach would

• A)accurately reflect the value of production in the economy.
• B)obtain gross domestic product.
• C)obtain gross national product.
• D)underestimate the value of production in the economy.
• E)overestimate the value of production in the economy.

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Definitions:

Absolute Cell Reference

In spreadsheet applications, a cell reference that remains constant, even if the formula is copied or moved to a different cell.

Relative Cell Reference

In spreadsheet programs, a cell reference that adjusts automatically when the formula containing it is copied to another cell or location.

Paste Options Button

A feature in software that lets users choose how copied content is formatted when it is pasted.

Row Or Column Alignment

The arrangement or lining up of text or data in rows and columns in a consistent and orderly fashion within a document or spreadsheet.