In 2013, _____ Spending Was the Largest Component of U

question 128

Multiple Choice

In 2013, _____ spending was the largest component of U.S. GDP, at approximately 70% of aggregate spending.

• A)government
• B)consumer
• C)investment
• D)net export

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Definitions:

Par Value

A nominal or face value assigned to a share of stock by the corporation's charter, different from the market value.

Journal Entry

A record in the accounting journal that represents a business transaction, including information on debits and credits to various accounts.

Sale of Bonds

The process by which a corporation or government issues bonds to investors in order to raise capital.

Coupon Rate

The annual interest rate paid on a bond, expressed as a percentage of the bond's face value.