In 1933, Net Private Domestic Investment Was a Minus $6

question 200

Multiple Choice

In 1933, net private domestic investment was a minus $6.0 billion. This means that

• A) gross private domestic investment exceeded depreciation by $6.0 billion.
• B) the economy was expanding that year.
• C) the production of 1933's GDP used up more capital goods than were produced that year.
• D) the economy produced no capital goods at all in 1933.

Understand the basic aspects and goals of non-12-step programs like SMART Recovery.

Understand the concept and characteristics of social stratification systems.

Recognize the historical context and abolition of slavery in Canada.

Describe the characteristics and implications of caste and class systems in societal structures.

---

Definitions:

Underapplied Overhead

Refers to the situation where the allocated manufacturing overhead cost is less than the actual overhead cost incurred.

Adjusting Journal Entry

A journal entry made at the end of an accounting period to record any unrecognized income or expenses for that period.

Cost of Goods Sold

This measure reflects the total costs involved in manufacturing or purchasing products that a company sells during a period, impacting gross profit and business strategy planning.

Applied Overhead

The amount of factory overhead costs allocated to individual units of production, based on a predetermined rate.