Which of the Following Items Is Included in U

question 78

Multiple Choice

Which of the following items is included in U.S.GDP?

• A)final goods and services that are purchased by the U.S.federal government
• B)intermediate goods that are produced in the U.S.but that are unsold at the end of the GDP accounting period
• C)goods and services produced by foreign citizens working in the U.S.
• D)All of the above are included in U.S.GDP.

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Definitions:

Discount on Bonds Payable

The difference between the face value of a bond and its selling price when a bond is sold for less than its face value.

Interest Expense

The expenses an entity faces for borrowing money, encompassing loans, bonds, or credit lines.

Effective-Interest Method

An accounting practice used to allocate loan or bond interest expense over the life of the loan/bond based on the loan's/bond's yielding interest rate.

Bond Premium Amortization

The gradual reduction over time of the amount by which a bond's purchase price exceeds its face value.