Which of the Following Is Not True

question 144

Multiple Choice

Which of the following is not true?

• A)When planned aggregate expenditure is greater than output,real GDP demanded will rise.
• B)When planned aggregate expenditure is greater than output,real GDP demanded will fall.
• C)When planned aggregate expenditure is increasing,disposable income and consumption are increasing.
• D)When planned aggregate expenditure is increasing,consumption and saving are both increasing.
• E)As long as planned aggregate expenditure is increasing,real GDP demanded does also.

Recognize the role and responsibility of different departments (purchasing and production) in managing cost variances.

Learn the process of setting standards and the influence of managerial accountants in this process.

Determine the standard predetermined overhead rate and understand its use in setting standard overhead costs.

Calculate the total standard cost of a product and recognize its presentation in financial documentation.

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Definitions:

Capital

The equipment and structures used to produce goods and services

Poor Country

A nation characterized by a low standard of living, low income per capita, and often lacking in basic infrastructure and services.

Rich Country

A nation characterized by a high gross domestic product (GDP) per capita, indicating a high standard of living, advanced technological infrastructure, and a well-developed economy.

Nonrenewable Resource

A nonrenewable resource is a natural resource that cannot be replenished or takes a very long time to replenish at the same rate it is consumed or used.