Which of the Following Is Not True About the Composition

question 141

Multiple Choice

Which of the following is not true about the composition of Canadian GDP in 2015?

• A)The majority of consumer spending is on durable goods.
• B)Purchases made by government are larger than investment spending.
• C)Imports are greater than exports.
• D)Business fixed investment is the largest component of investment.

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Definitions:

Normal Markup

The standard increase over cost that a business applies to its products or services to determine the selling price.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation and a claim on a proportion of its profits.

Gain Recognition

The process of recording increases in asset value, typically when assets are sold for more than their book value.

Consolidated Income Statement

A financial statement that combines the income, expenses, and profits of a parent company and its subsidiaries to present the overall performance.