According to the Circular-Flow Diagram, GDP

question 314

Multiple Choice

According to the circular-flow diagram, GDP

• A) can be computed as payments firms make to factors of production plus revenues they receive from the sales of goods and services.
• B) can be computed as the revenue firms receive from the sales of goods and services minus the payments they make to factors of production.
• C) can be computed as either the revenue firms receive from the sales of goods and services or as revenues they receive from the sales of goods and services.
• D) can be computed as the payments firms make to factors of production, but not as revenues they receive from the sales of goods and services.

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Definitions:

Datasheet

A digital or printed document that provides specifications and other details about a product, component, or software.

Digital Signature

A digital version of a signature that verifies the identity of the person sending a message or signing a document.

Trusting Database

Marking a database as reliable or secure in software applications to bypass certain security restrictions for smoother operation.

Unsecure Databases

Databases that lack sufficient security measures, which makes them vulnerable to unauthorized access, leaks, or breaches.