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:

Gender Development

The process through which individuals develop a sense of their gender identity, often influenced by social, biological, and cultural factors.

Cognitive

Cognitive pertains to mental processes such as thinking, learning, memory, perception, and problem-solving.

Teenage Pregnancies

Pregnancies occurring in girls aged 13 to 19, often posing significant health, social, and economic challenges.

Socioeconomic Disparities

Differences in wealth, education, and occupation status among various social groups, often leading to unequal access to resources.