U.S. GDP in 2018 Was About

question 55

Multiple Choice

U.S. GDP in 2018 was about

• A) $8 trillion.
• B) $21 trillion.
• C) $890 billion.
• D) $30 trillion.

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Definitions:

External Users

Individuals or entities outside a company who use its financial information, such as investors, creditors, and regulatory bodies.

Internal Users

Individuals inside a company who use financial information to make decisions, such as managers.

Managerial Accounting

The process of identifying, measuring, analyzing, and interpreting accounting information to help managers make informed business decisions.

Organization

An entity comprising multiple people, such as a corporation or partnership, formed for a collective goal.