The Largest Component of GDP as Measured by the Expenditure

question 71

Multiple Choice

The largest component of GDP as measured by the expenditure approach is

• A)wages and salary earnings.
• B)personal consumption.
• C)net profits of corporations.
• D)gross private investment.

Analyze the effects of physical attractiveness on social perception and interaction.

Understand the formation and impact of stereotypes and stereotype threat on behavior and performance.

Explore the relationship between attitudes and behavior, including conditions influencing consistency.

Describe cognitive processes like cognitive dissonance and implicit cognition in shaping perceptions and attitudes.

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its short-term assets.

Return On Equity

A measure of a corporation's profitability that calculates how much profit a company generates with the money shareholders have invested.

Inventory Turnover

Inventory turnover is a ratio showing how many times a company has sold and replaced inventory over a period.

Operating Lease

An operating lease is a contract that allows for the use of an asset but does not transfer ownership rights of the asset to the lessee.