Which of the Following Is a Way to Compute GDP

question 92

Multiple Choice

Which of the following is a way to compute GDP?

• A)total income earned.
• B)total expenditures on final goods.
• C)add up the market values of all final goods and services.
• D)All of the above are correct.

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Definitions:

Piagetian Preoperational Stage

A developmental stage in early childhood (approximately aged 2-7 years) characterized by symbolic thinking, egocentrism, and a lack of logical operations, according to Piaget's theory.

Conservation

In cognitive development, the understanding that an object's or substance's quantity remains the same despite changes in its shape or form.

Appearance-Reality

A cognitive development concept referring to the ability to differentiate between what something appears to be and what it actually is.

Sociocultural Theory

Vygotsky’s theory that individuals acquire culturally relevant ways of thinking through social interactions with members of their culture.