Which of the Following Is a Way to Compute GDP

question 69

Multiple Choice

Which of the following is a way to compute GDP?

• A)add up the wages paid to all workers
• B)add up the quantities of all final goods and services
• C)add up the market values of all final goods and services
• D)add up the difference between the market values of all final goods and services and then subtract the costs of producing those goods and services

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Definitions:

Premises

Statements or propositions that are assumed to be true and from which a conclusion is drawn in an argument.

Conclusion

The end result or outcome of an argument or a process.

Explanation

A statement or account that makes something clear by describing the causes, context, or details behind a situation or phenomenon.

Cheerleading

A dynamic activity involving performance of organized cheering, chanting, and dancing to support sports teams, entertain audiences, and compete.