Which of the Following Is a Way to Compute GDP

question 69

Multiple Choice

Which of the following is a way to compute GDP?

• A)add up the wages paid to all workers
• B)add up the quantities of all final goods and services
• C)add up the market values of all final goods and services
• D)add up the difference between the market values of all final goods and services and then subtract the costs of producing those goods and services

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Definitions:

Series E Bonds

Government bonds issued at a discount and meant for investors as a savings product, no longer available for purchase.

Maturity Date

The specified date on which the final payment of a loan or financial instrument is due to be paid in full.

Cash Method

An accounting method where revenues and expenses are recognized at the time cash is received or paid out.

Record Income

The total income reported by an individual or entity for a specific period, usually for tax purposes.