Suppose the Total Value of All Assets in the Country

question 190

Multiple Choice

Suppose the total value of all assets in the Country X is $10 trillion. In 2018, the total value of all final services produced in Country X was $150 billion, the total value of all final goods produced in Country X was $350 billion, and the total value of all final goods and services produced by Country X's firms in other countries was $100 billion. In this situation, Country X's Gross Domestic Product for 2018 was

• A) $600 billion.
• B) $510 billion.
• C) $500 billion.
• D) $10.5 trillion.

---

Definitions:

Consolidation

The process of combining multiple entities or accounts into one, often for financial reporting or to create a larger, more competitive entity.

Merger

The combination of two or more companies into one, where one corporation is completely absorbed by another corporation.

Corporate Takeover

A corporate takeover is the acquisition of one company by another, where the acquiring company gains control over the target company.

Consolidation

The process of combining multiple financial statements or businesses into a single entity for reporting purposes.