Which of the Following Is Not True About the Composition

question 61

Multiple Choice

Which of the following is not true about the composition of GDP in 2010?

• A) The majority of consumer spending is on durable goods.
• B) Purchases made by state and local governments are greater than purchases made by the federal government.
• C) Imports are greater than exports.
• D) Business fixed investment is the largest component of investment.

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Definitions:

Balance Sheet

An account reporting an organization's resources, debts, and owner's equity at a particular instant.

Stock Dividend

An issuance of more shares to investors as a dividend, instead of a cash distribution.

Common Stock

A type of equity security that represents ownership in a corporation, entitling holders to vote on corporate matters and receive dividends.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position, including assets, liabilities, and equity, at a specific point in time.