The Approach to Calculating GDP That Measures the Contribution of Each

question 119

Multiple Choice

The approach to calculating GDP that measures the contribution of each firm to GDP is referred to as the

• A) expenditures approach to measuring GDP
• B) factor payments approach to measuring GDP
• C) value added approach to measuring GDP
• D) productivity approach to measuring GDP
• E) output approach to measuring GDP

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Definitions:

Renal Failure

A medical condition where the kidneys lose the ability to remove waste and balance fluids in the body.

Urine

A liquid by-product of metabolism in humans and many animals, eliminated from the body by the kidneys through the process of urination.

Bladder

A hollow organ in the pelvic area that stores urine before it is expelled from the body.

Elastic Fibers

Fiber components of connective tissue that provide elasticity and resilience to various body parts.