In 2012 in Canada,total Government Purchases Per Person (In Current

question 52

Multiple Choice

In 2012 in Canada,total government purchases per person (in current dollars) amounted to approximately:

• A) $2,000.
• B) $11,000.
• C) $15,000.
• D) $25,000.

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Definitions:

Net Income

Net income is the profit a company makes after deducting all its costs, expenses, interest, and taxes from its total revenues.

Book Value

The worth of an asset as stated in its balance sheet, factoring in the original cost of the asset reduced by depreciation.

Equity Method

An accounting technique used by a company to record its investment in another company, typically when it has significant influence but does not fully control it, usually through owning 20% to 50% of the voting stock.

Common Stock

Represents ownership shares in a corporation, giving holders voting rights and a share in the company’s profits through dividends.