According to the Circular-Flow Diagram GDP

question 14

Multiple Choice

According to the circular-flow diagram GDP

• A)can be computed as the total income paid by firms or as expenditures on final goods and services.
• B)can be computed as the total income paid by firms,but not as expenditures on final goods and services.
• C)can be computed as expenditures on final goods and services,but not as the total income paid by firms.
• D)cannot be computed as either total income paid by firms or expenditures on final goods and services.

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Definitions:

Customer Database

A collection of information about customers, including contact details and purchase history, which companies use to manage customer relationships.

Paired

Matched or coupled together in terms of characteristics, functions, or compatibility.

EmploymentDate

The specific date on which an individual starts or is scheduled to start their employment with a company or organization.

Customers Table

A database or spreadsheet feature that organizes and stores information about individuals or entities that purchase goods or services from a business.