Which of the Following Components of GDP Was the Largest

question 42

Multiple Choice

Which of the following components of GDP was the largest for Australia in 2011?

• A) Consumption.
• B) Imports.
• C) Exports.
• D) Government spending.
• E) Investment.

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Definitions:

Contingent Consideration

An obligation of an acquiring entity to transfer additional assets or equity interests if future events occur or conditions are met, following an acquisition.

Goodwill Impairment

A reduction in the book value of goodwill, which occurs when the carrying amount of goodwill exceeds its fair value, indicating that the asset is not as valuable as previously thought.

Reporting Units

Segments or components of a business for which discrete financial information is available and reviewed by the operating segment's management.

Equity Method

An accounting technique used by a company to record its investment in another company, where the investment's value is adjusted in accordance with the investee's performance.