Last Year in Candamica,consumption Expenditure Was $20 Billion,interest,rent and Profit

question 54

Multiple Choice

Last year in Candamica,consumption expenditure was $20 billion,interest,rent and profit were $2.5 billion,government expenditure on goods and services was $7 billion,net exports of goods and services was $5 billion,and investment was $2 billion.Hence total expenditure was

• A)$34 billion.
• B)$36.5 billion.
• C)$34.5 billion.
• D)$24.5 billion.
• E)Unable to be determine without information about imports.

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Definitions:

Unit-Level Cost

A cost that is directly incurred for each unit of production or service provided.

Cost Pools

The accumulation of costs related to an indirect activity.

Cost Drivers

Factors or activities that have a direct impact on the total cost of a product or service.