Which of the Following Would Be Included in the Government

question 21

Multiple Choice

Which of the following would be included in the government consumption and investment component of GDP?

• A) the export of 100 fighter jets to Japan
• B) construction costs of a new public school building
• C) food stamps used by the Smith family
• D) a $1,000 check issued by the federal government as part of the Pell Grant program to help college students pay for school

Interpret financial ratios and their implications for a company's financial performance.

Evaluate the effects of changes in foreign exchange rates on recognizing gains or losses.

Account for dividends received from investments in other corporations.

Discuss reasons why companies invest in securities or other companies.

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Definitions:

Volume Based Cost Drivers

Factors that cause the costs of an activity to increase or decrease with changes in the volume of production or services provided.

Labour Intensive

A process or industry that requires a large amount of manual labor relative to capital or machine usage.

Cost Driver

A factor that causes a change in the cost of an activity, directly affecting the cost of production or operations.

Cost Pool

A grouping of individual costs typically by department or service, from which cost allocations are made to products or services.