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Softa [21]
3 years ago
12

Which of the following statements about GDP is correct? a. GDP measures two things at once: the total income of everyone in the

economy and the total expenditure on the economy’s output of goods and services. b. Money continuously flows from households to firms and then back to households, and GDP measures this flow of money. c. GDP is generally regarded as the best single measure of a society’s economic well-being. d. All of the above are correct.
Business
1 answer:
DedPeter [7]3 years ago
3 0

Answer:

d. All of the above are correct.

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP can be calculated using the expenditure or income approach.

Using the expenditure approach, GDP = Consumption spending + Investment spending + Government Spending + Net Export

GDP calculated using either the income and expenditure approach always arrives at the same figure.

Real GDP per capita is used to measure the level of wellbeing in the society.

I hope my answer helps you

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Diano4ka-milaya [45]

Answer:

C. <u>Post purchase</u><u> </u><u>behavior</u>

Explanation:

Whenever a consumer buys a product, he/she undergoes various stages between the creation of need/want and the ultimate purchase decision.

5 stages have been stated under Consumer buying decision, namely,

  1. Need recognition : the foremost stage wherein a need or desire arises.
  2. Information search: Here, the consumer searches for information w.r.t how the need or want can be satisfied.
  3. Evaluation of alternatives: The stage wherein a consumer weighs pros and cons of all available alternatives which can satisfy the need.
  4. Purchase: The stage wherein a consumer finally purchases a product.
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In the given case, the customer already bought both the wines. Her opinion regarding superiority of quality and taste between the two, represents her post buying stage of purchase decision and her review of the viability of purchase decision.

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allochka39001 [22]
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A consumer uses goods and services to satisfy economic wants.
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Yanka [14]

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