The Following Table Provides Data for an Economy in a Certain

question 111

Multiple Choice

The following table provides data for an economy in a certain year. Given the data in the table, compute the government purchases component of GDP.

• A) 200
• B) 500
• C) 700
• D) 900

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Definitions:

Sales Revenues

The total amount of income received by a company from its sales of goods or services, before any expenses are subtracted.

Useful Life

The estimated duration of time a fixed asset is expected to be usable for its intended purpose.

Equipment

Equipment consists of the tools, machinery, and other durable assets used in the production of goods or services.

Intangible Benefits

Non-quantifiable advantages provided by goods or services, such as brand reputation or employee satisfaction.