To Calculate GDP by the Expenditure Method,one Must Add

question 140

Multiple Choice

To calculate GDP by the expenditure method,one must add

• A)wages,rents,interest,and profits.
• B)consumption spending,investment spending,government spending,and net exports.
• C)consumption spending,investment spending,government spending,and exports.
• D)labor,natural resources,entrepreneurship,and capital.

Understand the hierarchy and classification of needs in Maslow's theory.

Identify the characteristics and examples of physiological and safety needs.

Recognize the significance of humanistic psychology and its contrast with psychoanalysis.

Comprehend the concept of higher needs such as esteem and self-actualization.

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Definitions:

Profit and Loss Statements

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time, typically a fiscal quarter or year.

Business Units

Separate operational entities within a corporation, each having distinct tasks and objectives, contributing to the overall strategy of the company.

Shared Service Units

Divisions within a company that provide services to multiple departments, improving efficiency and reducing costs.

Cost Centre

A segment of an organization where costs can be accumulated, but which does not directly generate revenue.