Which of the Following Items Is Counted as Part of Government

question 33

Multiple Choice

Which of the following items is counted as part of government purchases?

• A)The federal government pays the salary of a Navy officer.
• B)The state of Nevada pays a private firm to repair a Nevada state highway.
• C)The city of Las Vegas,Nevada pays a private firm to collect garbage in that city.
• D)All of the above are correct.

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Definitions:

Basic Earnings

The net income divided by the weighted average number of common shares outstanding during the period, representing earnings per share.

Diluted Earnings

A measure of a company's profitability that accounts for all potential shares that could be exercised or converted into shares, often related to options or warrants.

Accounting Methods

The rules and procedures that a company follows to prepare its financial statements, including various methods for recognizing revenues, expenses, assets, and liabilities.

Denominator

The bottom part of a fraction that shows into how many parts the whole is divided.