Which of the Following Statements Is TRUE

question 36

Multiple Choice

Which of the following statements is TRUE?

• A) The value of illegal activities is included in Gross Domestic Product (GDP).
• B) The value of a homemaker's services is included in Gross Domestic Product (GDP).
• C) The value of intermediate goods is included in Gross Domestic Product (GDP).
• D) Gross Domestic Product (GDP) may be calculated using the income or the expenditure approach.

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Definitions:

Communicate Solutions

The act of conveying problem-solving strategies and answers effectively to others.

Feedback

Information provided regarding one's performance or behavior, intended to reinforce positive actions or correct mistakes.

Westernized Parents

Parents who adopt Western culture's norms and values in their parenting style, often emphasizing independence and self-expression.

Personal Independence

The state or condition of having the freedom to act and make decisions without external control or support.