Which of the Following Would Be an Invalid Measure of Nominal

question 9

Multiple Choice

Which of the following would be an invalid measure of nominal GDP?

• A) wages + interest payments + corporate profits + rent
• B) consumption + investment + government purchases + exports - imports
• C) the cost of resources + the value added by intermediate industries + the value added by retailers
• D) coins + currency + bank account balances
• E) all of the above

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Definitions:

Simple Tasks

Tasks that require a minimal cognitive load and can be performed with little to no mental effort, often involving routine actions or straightforward instructions.

Collective Tasks

Activities or responsibilities that require the cooperative effort and participation of a group of individuals to achieve a common goal.

Personal Control

The perceived degree of influence an individual has over their environment and decisions affecting their life.

Perspective Clients

Potential customers who are viewed from a specific standpoint, often considering their needs and how a product or service can meet those needs.