Which sentence correctly describes the GDP of a country? Ava is an assistant to a bureaucrat. She is preparing a report on the GDP of the country.
(She finds that the GDP is low this year.)
(She concludes that the country’s output of goods and services is very high.)
(She uses the income-based approach to calculate the GDP.)
(According to the approach, she considers the expenses incurred annually as the GDP.)
(She classifies the earnings of partnership firms as mixed income.)
(She categorizes employee wages as operating surplus.)

Question

darianbrown00 darianbrown00

06-01-2020
Business

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Which sentence correctly describes the GDP of a country? Ava is an assistant to a bureaucrat. She is preparing a report on the GDP of the country.
(She finds that the GDP is low this year.)
(She concludes that the country’s output of goods and services is very high.)
(She uses the income-based approach to calculate the GDP.)
(According to the approach, she considers the expenses incurred annually as the GDP.)
(She classifies the earnings of partnership firms as mixed income.)
(She categorizes employee wages as operating surplus.)

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Tundexi Tundexi · Answer 1 · 2022-01-14T10:32:00+01:00

The sentence that correctly describes the GDP of a country is when she concluded that the country’s output of goods and services is very high.)\

What is GDP?

GDP means Gross Domestic product.

Gross Domestic product refers to a monetary measure of the value of all final goods and services produced in period of time (quarterly or yearly).

Hence, the sentence that correctly describes the GDP of a country is when she concluded that the country’s output of goods and services is very high.)

Therefore, the Option B is correct.