Another Name for Potential GDP Is

question 113

Multiple Choice

Another name for potential GDP is

• A)GDP.
• B)real GDP per capita.
• C)aggregate demand.
• D)real GDP.
• E)aggregate supply.

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Definitions:

Internal Control

Initiatives and standards implemented by a firm to assure the correctness of financial and accountancy details, encourage integrity, and obstruct fraudulent activities.

Journal Entries

The method by which all business transactions are initially recorded, using a system of debits and credits, to maintain the financial records of an entity.

Segregation Of Duties

A key internal control that prevents fraud and errors by ensuring that no single individual has control over all aspects of a financial transaction.

Custody

The protective care or guardianship of someone or something, often referring to the control over assets or minors.