To Calculate GDP Using the Value-Added Method,one Would Add Up

question 118

Multiple Choice

To calculate GDP using the value-added method,one would add up

• A)the market value of final goods and services produced during a particular period.
• B)only the value added by the underground economy.
• C)the value added by each firm involved in the production of final goods and services.
• D)the market value of intermediate goods and services produced during a particular period.

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Definitions:

Entry Barriers

Obstacles that make it difficult to enter a particular market, such as high start-up costs or stringent regulations.

Market Size

The total number of potential buyers and sellers in a given market, often measured by volume or value.

Individual Transferable Quotas

A regulatory tool in environmental and resource management, allowing owners to harvest a specific amount of a resource and trade the quota with others.

Overfishing

The practice of fishing at a rate that is unsustainable, leading to a depletion of fish stocks and significant ecological imbalance.