The Table Given Below Shows the Values of Different Components

question 127

Multiple Choice

The table given below shows the values of different components of aggregate expenditure of an economy.At the equilibrium level of gross domestic product (GDP) ,saving equals _____.​ ​
Table 9.2
​

• A)$0.4 trillion
• B)$0.1 trillion​
• C)$0.5 trillion​
• D)$0.2 trillion​
• E)$0.3 trillion

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Definitions:

Labor Standards

The established benchmarks or expectations for the amount of time and effort required to perform a job or task efficiently.

Operations

The day-to-day activities involved in running a business, especially those related to production, manufacturing, or providing services.

Standard Cost System

An accounting system that uses predetermined costs for products or services to help managers control expenses and analyze operational performance.

Direct Labor

The labor costs that can be directly attributed to the production of goods or services, such as wages for workers who assemble a product.