Which of the Following Is Included in GDP Computation According

question 46

Multiple Choice

Which of the following is included in GDP computation according to the income method?

• A)Consumption
• B)Profits
• C)Investment
• D)Government spending
• E)Imports

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Definitions:

Differentiating Needs And Wants

The process of distinguishing between what consumers require because it is necessary (needs) and what they desire for personal satisfaction (wants).

Product Advantages

The unique benefits or value a product offers to a customer, distinguishing it from competitor offerings.

SELL Sequence

SELL sequence is a sales strategy that outlines a sequence of steps Salespersons follow to effectively sell a product or service, usually involving stages like Show, Explain, Lead, and Lock.

Sales Presentation

A pitch or demonstration given by a salesperson to persuade potential buyers to purchase a product or service.