Examlex
When aggregate expenditure is less than GDP, which of the following is true?
Cost Of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor.
Investment Turnover
A ratio that measures the efficiency of a company in using its investments to generate sales revenue, reflecting how effectively assets are being utilized.
Operating Income
The amount of profit realized from a business's operations after deducting operating expenses like wages, depreciation, and cost of goods sold.
Invested Assets
Items acquired or bought with the intention of earning income or profit.
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