Which Component Is the Smallest Part of U

question 192

Multiple Choice

Which component is the smallest part of U.S. GDP?

• A) personal consumption expenditures
• B) gross private domestic investment
• C) government purchases of goods and services
• D) net exports

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Definitions:

Qualitative Assessment

An evaluation process that focuses on non-quantifiable factors such as quality of management or brand reputation.

Quantitative Assessment

The evaluation or measurement of something based on quantity or numbers rather than subjective characteristics.

Reporting Unit

A segment or component of a company for which financial information is available and reviewed regularly by the segment's or the entire company's management.

Consolidated Balance Sheet

A consolidated balance sheet combines the financial statements of a parent company and its subsidiaries into a single document, showing the total assets, liabilities, and equity of the consolidated entity.