Which Is Included in GDP

question 159

Multiple Choice

Which is included in GDP?

• A)used autos purchased by consumers
• B)transfer payments
• C)telephone service for a home
• D)bread for a restaurant

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Definitions:

Standardization Method

The process of implementing and developing technical standards to ensure uniformity and consistency in methodology, materials, and products.

Organization Size

The scale or extent of an organization, often measured by the number of its employees, the size of its operation, or its market reach.

Scientific Management Approach

A theory of management that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity.

Productivity Rewards

Incentives or benefits given to employees as recognition for achieving high levels of work output or efficiency.