In Order to Include Many Different Goods and Services in an Aggregate

question 53

Multiple Choice

In order to include many different goods and services in an aggregate measure, GDP is computed using, primarily,

• A)values of goods and services based on surveys of consumers.
• B)market prices.
• C)quantities purchased by a typical urban household.
• D)profits from producing goods and services.

---

Definitions:

Open Systems Model

A theory in the realms of organizational behavior that views any organization as an open system influenced by, and actively influencing its environment.

Organisation's Environment

The external and internal factors that affect an organization's operations, including economic, technological, social, regulatory, and competitive elements.

Administrators

Individuals in an organization responsible for managing and overseeing its operations and policies.

Not-for-profit

Organizations that operate for purposes other than earning profit, often focusing on social, educational, or humanitarian goals.