The Sum of the Value Added of Every Firm Involved

question 195

Multiple Choice

The sum of the value added of every firm involved in producing all final goods and services ________ gross domestic product.

• A)equals
• B)is greater than
• C)is less than
• D)is sometimes greater than and other times less than

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Definitions:

Assets GM and GE

Refers to the tangible and intangible items owned by General Motors (GM) and General Electric (GE) that are used in their operations to generate revenue.

Beta

A measure of the volatility, or systematic risk, of a security or portfolio in comparison to the market as a whole.

Evolution

The gradual development of something, often used in the context of the biological process by which organisms change over generations.

Forecast

The process of making predictions about future events or trends based on current or historical data.