Which Approach to Calculating GDP Best Highlights the Relative Importance

question 80

Multiple Choice

Which approach to calculating GDP best highlights the relative importance of different factors of production?

• A) The expenditure approach
• B) The income approach
• C) The value-added approach
• D) Any of these measurements would work equally well for that comparison.

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Definitions:

Promote

To actively support or encourage interest in an item, cause, or idea, often through advertising or publicity.

Altruistic

Showing a selfless concern for the well-being of others, often characterizing acts done without expectation of personal gain.

Pay It Forward

A concept involving doing a good deed for others without expecting anything in return, often with the hope that the beneficiary will pass on the good deed to others.

Participation

Definition: The act of taking part or being actively involved in an activity, event, or process.