Which of the Following Is Included in Measuring GDP

question 361

Multiple Choice

Which of the following is included in measuring GDP?

• A) the value added at each stage of production of a final product
• B) the buying and selling of securities
• C) the transfer of secondhand goods
• D) household services rendered by homemakers

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Definitions:

Achievement Motivation

Describes a person's drive to strive for success and accomplish challenging goals.

Competitive Situations

Scenarios or environments where individuals or groups are in competition with each other to achieve a certain goal, often leading to heightened levels of performance.

Standard Of Excellence

A level of quality or achievement that is considered superior and serves as a benchmark for others to strive toward.

Immediate Feedback

Rapid response or information provided immediately after an action or behavior, used to reinforce or correct the action.