For the Purpose of GDP Accounting, Consumption Expenditures Include

question 25

Multiple Choice

For the purpose of GDP accounting, consumption expenditures include

• A) only nondurable goods.
• B) only durable goods.
• C) both nondurable goods and services.
• D) durable goods, nondurable goods, and services.

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Definitions:

Retained Earnings

The portion of a company's profits that is held or retained and saved for future use, investment, or to pay debt, instead of being paid out as dividends.

Statement Of Retained Earnings

A financial report that reveals the changes in retained earnings for a particular period of time.

December 31

Refers to the last day of the year, often associated with the end of the fiscal year for many companies.

Statement Of Retained Earnings

A financial report summarizing the changes in retained earnings for a specific period.