The Calculation of GDP Excludes the Value of

question 139

Multiple Choice

The calculation of GDP excludes the value of

• A)government expenditure on office supplies.
• B)households' purchases of shampoo.
• C)businesses' purchase of new machine tools.
• D)a family member painting the family home.
• E)expenditure on durable goods.

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Definitions:

Structural Capital

The non-human assets of an organization, including processes, databases, patents, and the organization's structure, which enable productivity and innovation.

Skills And Abilities

The talents and capacities individuals possess that allow them to perform tasks effectively.

Systems Perspective

An analytical approach that views an organization as an arrangement of interrelated parts working together to accomplish specific goals.

Working Part

Components of a process or system that are actively engaged in performing a task or function.