When the Total U

question 204

Multiple Choice

When the total U.S.production of goods and services is divided into consumption goods and services,capital goods,government goods and services,and export goods and services,the largest component is

• A) consumption goods and services.
• B) capital goods.
• C) government goods and services.
• D) export goods and services.
• E) capital goods and government goods and services tie for the largest component.

---

Definitions:

Physical Count

The process of counting the actual inventory on hand to ensure accuracy in inventory records.

Gross Margin

Gross Margin is a company's revenue from sales minus its cost of goods sold, indicating the efficiency of its production process and pricing strategy.

Operating Expenses

Costs associated with running the day-to-day operations of a business, excluding the cost of goods sold.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating the company's financial performance over a specific period.