In 2011, Consumption Spending Is $7,000, Government Purchases of Goods

question 176

Multiple Choice

In 2011, consumption spending is $7,000, government purchases of goods and services is $2,000, and investment spending is $1,500. If GDP for 2011 is $10,300, exports are _____ and imports are _____.

• A) $400; $200
• B) $100; $200
• C) $600; $800
• D) $500; $300

Understand the significance of earnings per share and its disclosure requirements.

Recognize the treatment and implications of different revenue and expense categories on financial performance.

Understand the relationship between the income statement, the balance sheet, and the impact of revenue recognition on financial statements.

Identify the nature of expenses and revenues and their impact on operating income and net income.

---

Definitions:

Beta Rhythm Patterns

Brain wave patterns that represent a state of alertness, active thinking, and concentration.

Alpha Rhythm

Brain wave patterns detected in the electrical activity of the brain, often associated with a state of wakeful relaxation.

Gamma Waves

A pattern of brain waves in the human brain with a frequency between 25 and 100 Hz, associated with perception and consciousness.

Delta Waves

Slow brain waves, typically associated with the deepest stages of sleep and relaxation.