Which of the Following Is a True Statement About the Impact

question 89

Multiple Choice

Which of the following is a true statement about the impact of World War II on the U.S.economy?

• A)U.S.GDP decreased dramatically from 1941 to 1945.
• B)The war time years were a period of prosperity for U.S.consumers.
• C)Less than 10% of the labor force was in the military or producing war goods.
• D)Increased production of tanks,ships,planes,and munitions accounted for most of the increase in GDP.

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Definitions:

Investing Activities

Financial transactions related to the acquisition or disposal of long-term assets and investments not included in cash equivalents.

Net Cash

The amount of cash available after all cash inflows and outflows have been accounted for over a specific period.

Investing Activities

Financial transactions related to the purchase and sale of long-term assets and investments, as reported on a company's cash flow statement.

Net Cash

Net Cash refers to the amount of cash available after accounting for cash inflows and outflows.