Table 61 Provides Data on the Components of GDP for an an Economy

question 107

Multiple Choice

Table 6.1 provides data on the components of GDP for an economy.
Table 6-1

-Refer to Table 6-1. What is the value of GDP?

• A) $1,820 billion
• B) $2,170 billion
• C) $2,080 billion
• D) $2,550 billion

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Definitions:

Minimum Revenue

The lowest amount of income considered acceptable or necessary for a company or project to stay viable.

Asset Test

A measure of the liquidity of a company by comparing its liquid assets to its current liabilities.

Reportable Segment

A distinguishable component of an enterprise engaging in operations from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by the entity's chief operating decision maker.

Operating Profit

The profit earned from a firm's core business operations, excluding deductions of interest and tax, as well as any non-operational income and expenses.