In GDP Measurement,consumer Spending Includes

question 55

Multiple Choice

In GDP measurement,consumer spending includes

• A)spending by businesses on labor resources
• B)spending by government on office buildings
• C)spending by individual households on automobiles and durables
• D)exchanges in business inventories
• E)a firm's purchase of a radio made in Taiwan

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Definitions:

Carrying Amount

Carrying Amount is the value at which an asset is recognized in the balance sheet after accounting for depreciation, amortization, or impairment losses.

Accounts Receivable

Represents amounts due from customers for credit sales, expected to be received in the near future.

Managing

The process of planning, organizing, leading, and controlling resources to achieve organizational objectives efficiently and effectively.

Calendar-year

A one-year period starting on January 1 and ending on December 31, used as the fiscal year by many companies.