Which of the Following Would Result in GDP for an Economy

question 108

Multiple Choice

Which of the following would result in GDP for an economy equal to $10 trillion?

• A) C = $6 trillion I = $2 trillion
• G = $1.5 trillion
• NX = -$2 trillion
• B) C = $7 trillion I = $2 trillion
• G = $4 trillion
• NX = $3 trillion
• C) C = $5 trillion I = $5 trillion
• G = $2 trillion
• NX = -$2 trillion
• D) C = $4 trillion I = $3 trillion
• G = $2 trillion
• NX = -$1 trillion

Define and calculate the contribution margin ratio and its relevance in CVP analysis.

Understand the effect of changes in sales volume on cost volume profit (CVP) analysis, including changes in sales mix.

Evaluate the effects of adjustments in fixed and variable costs on the break-even point and target profit calculations.

Recognize the advantages and assumptions of activity-based costing approach in CVP analysis.

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Definitions:

Demographics

Statistical data relating to the population and particular groups within it, often analyzed for social and economic research.

Minority

A sociodemographic group that is not in the majority within a given population or society.

Tolerant

Having a fair, objective, and permissive attitude towards those whose opinions, beliefs, practices, racial or ethnic origins, etc., differ from one's own.

Racial Categories

Classifications of humans into groups based on physical traits, ancestry, genetics, or social relations.