Which of the Following Would Be Explicitly Counted When Computing

question 38

Multiple Choice

Which of the following would be explicitly counted when computing the gross domestic product by the expenditures approach?

• A) the purchase of a used car by a college student
• B) the salary of the CEO of Gillette Corporation
• C) the purchase of fuel injectors by Ford
• D) Social Security payments to retired persons
• E) the purchase of a microwave oven by newlyweds

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Definitions:

Sales Volume

The total quantity of products or services sold by a company within a specific period, often used as a measure of business activity.

Break Even

The point at which total costs and total revenues are equal, resulting in no net loss or gain.

Breakeven Point

The point at which total costs and total revenue are equal, meaning a business is neither making a loss nor a profit.

Revenues

The total amount of income generated by the sale of goods or services related to the company's primary operations.