The Investment Rate Is the Percentage of Total Output Allocated

question 72

Multiple Choice

The investment rate is the percentage of total output allocated to

• A)Saving.
• B)Consumer retirement accounts.
• C)Education and training for the workforce.
• D)The production of new plants,equipment,and structures.

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Definitions:

Account Titles

Names given to the accounts that reflect the types of transactions they represent, used in bookkeeping to distinguish financial records.

Journalizing

The process of recording transactions in a company's journal, detailing the financial activities and their impact on accounts.

Ledger

A collection of accounts in which the transactions of a business are categorized and recorded, serving as the main accounting record.

Account

A record that keeps track of financial transactions of a specific type or for a specific purpose within an organization.