Which Government Entity Computes U.S.GDP Every Three Months

question 115

Multiple Choice

Which government entity computes U.S.GDP every three months?

• A)the Council of Economic Advisers
• B)the Department of Commerce
• C)the Department of Treasury
• D)the Federal Reserve

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Definitions:

Cash Receipts Journal

A financial journal used to record all cash inflows, tracking receipts from sales, loans, investments, and other sources.

Revenue Journal

A specialized accounting journal used to record the company's revenue transactions, distinguishing them from other types of financial transactions.

Accounts Payable Subsidiary Ledger

The subsidiary ledger containing the individual accounts with creditors (suppliers).

Cash Payments Journal

A business ledger that documents every cash expenditure or payment conducted by a company.