What Are the Three Ways to Measure GDP? Explain What

question 38

Essay

What are the three ways to measure GDP? Explain what they mean.

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Definitions:

Latent Functions

The unintended consequences of an action or social pattern.

Dominant Ideology

The set of beliefs, values, and norms that reflect the interests of the ruling class or majority group in a society, often taken as natural or universally true.

Ruling Class

denotes the social class that holds primary power and authority in a society, often owning the means of production or governing.

False Consciousness

Belief in and support for the system that oppresses you.