The Largest Expenditure Category in GDP Is

question 92

Multiple Choice

The largest expenditure category in GDP is

• A)government purchases.
• B)personal consumption.
• C)net exports.
• D)gross private domestic investment.

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Definitions:

Business Combination

A transaction or event in which a buyer obtains control of one or more businesses.

Goodwill

An intangible asset reflecting the premium paid over the fair market value of assets during an acquisition, attributed to the company's brand, customer relations, and reputation.

IFRS

International Financial Reporting Standards, which are a set of accounting principles that govern financial reporting and are designed to be globally consistent.

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its net identifiable assets.