If We Calculate GDP by Adding the Dollars of All

question 116

Multiple Choice

If we calculate GDP by adding the dollars of all goods that buyers pay,we make an error as a result of

• A)omitting opportunity costs.
• B)double counting some goods.
• C)missing the spending on some goods.
• D)omitting some measures of well being.
• E)ignoring inflation.

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Definitions:

Orthologs

Genes in different species that evolved from a common ancestral gene by speciation, retaining the same function.

Single Nucleotide Polymorphisms

Variations at a single location in the DNA sequence among individuals, which can affect how humans develop diseases and respond to pathogens, chemicals, drugs, etc.

Pathogenic Variants

Genetic alterations that are directly associated with the development of a disease.

Lineages Converged

The phenomenon where unrelated species evolve similar traits or characteristics due to adaptation to similar environments or ecological niches, also known as convergent evolution.