At the Beginning of the Recession of 2007-2009,real GDP in the United

question 77

Multiple Choice

At the beginning of the recession of 2007-2009,real GDP in the United States was ________ potential GDP,and in June 2009,real GDP was ________ potential GDP.

• A)below; above
• B)below; below
• C)above; below
• D)above; above

Understand the impact of changes in balance sheet accounts on the cash flow statement.

Recognize correct treatments of specific items in the operating activities section of the cash flow statement.

Knowledge of how changes in operating, investing, and financing activities affect a company’s cash position.

Skills in analyzing the comparative balance sheets to identify the cash impacts of various transactions.