The Expenditure Approach to Measuring GDP Is Based on Summing

question 17

Multiple Choice

The expenditure approach to measuring GDP is based on summing

• A)wages,interest,rent,and profit.
• B)each industry's production.
• C)the total values of final goods,intermediate goods and services,used goods,and financial assets.
• D)consumption expenditure,investment,government expenditure on goods and services,and net exports of goods and services.
• E)consumption expenditure,investment,government expenditure on goods and services,and net exports of goods and services minus wages,interest,rent,and profit.

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Definitions:

Trial Close

A technique used in sales to gauge a prospect's readiness to buy, by asking opinion-seeking questions regarding the product or deal before the final close.

Product's Benefits

The advantages or positive outcomes a consumer can expect from using a product.

Self-preservation

The instinctual behavior to protect oneself from harm or danger, influencing personal and professional decisions.

Sales Presentation

A Sales Presentation is a formal pitch used by salespeople to introduce and sell a product or service to potential buyers, highlighting benefits and addressing objections.