The Economist Responsible for Developing the Basic Concepts of the National

question 80

Multiple Choice

The economist responsible for developing the basic concepts of the national income accounting system is

• A)John Maynard Keynes.
• B)Alfred Marshall.
• C)Simon Kuznets.
• D)Adam Smith.

Understand the physiological and morphological adaptations of plants to their environment.

Describe the significance and methods of seed dispersal and viability in plants.

Grasp the characteristics and significance of secondary growth in plants.

Evaluate the role of pollination in the evolution and dominance of plant groups.

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Definitions:

Net Profit

The financial gain achieved after subtracting all expenses, taxes, and costs from total revenue.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs, indicating the company's profitability.

Depreciation

The accounting process of allocating the cost of tangible assets over their useful lives, reflecting wear and tear or obsolescence.

Inventory

A company's merchandise, raw materials, and finished and unfinished products which have not yet been sold.