The Two Principle Methods of Measuring GDP Are

question 82

Multiple Choice

The two principle methods of measuring GDP are

• A)the flow approach and the stock approach.
• B)the expenditures approach and the income approach.
• C)the intermediate approach and the value-added approach.
• D)the domestic approach and the international approach.

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Definitions:

Information Search

Information search is the process by which consumers seek out and use various sources of information to make informed decisions before making a purchase.

Alternative Evaluation

A stage in the consumer decision process where different options are assessed against criteria like features, benefits, price, and quality, to make a purchase decision.

Problem Recognition

The initial stage in the consumer decision-making process where a consumer identifies a need or problem that requires a solution.

Prepurchase Cognition

The thought processes and considerations of consumers before making a buying decision, including research, evaluation of alternatives, and the influence of attitudes and beliefs.