The Largest Component of GDP Is

question 84

Multiple Choice

The largest component of GDP is

• A) consumption spending.
• B) investment spending.
• C) government spending.
• D) imports.

Knowledge of online resources for job information.

Comprehension of organizational processes for employee identification.

Understanding the use and importance of the Critical Incident Technique in job performance.

Recognizing structured interviews and their application in job interviews.

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Definitions:

Note

A financial document that represents a promise to pay back a loan or debt within a specified timeframe.

Unearned Subscriptions

Income received in advance for subscriptions that have not yet been fulfilled. This is recognized as a liability until the service is rendered.

Subscription Revenue

Income generated from customers who pay a recurring price at regular intervals for access to a product or service.

Interest Accrue

The accumulation of interest expenses or revenues that have been incurred but not yet paid or received in cash.