Which of the Following Is Included in Gross Domestic Product

question 37

Multiple Choice

Which of the following is included in Gross Domestic Product (GDP) ?

• A) Purchases of stocks and bonds by individuals
• B) Purchases of stocks and bonds by firms
• C) Sales of financial assets to foreign firms
• D) Investment spending on capital goods

Compare unit product costs under traditional costing and activity-based costing.

Calculate overhead assigned to products using traditional costing methods.

Calculate activity rates for various cost pools under activity-based costing.

Understand the impact of overhead allocation on product pricing.

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Definitions:

Employment Equity

The employment of individuals in a fair and nonbiased manner.

Voluntary Self-Identification

An individual's choice to disclose personal information, typically related to demographics or diversity aspects, often for the purpose of workplace inclusion.

Representative Workforce

A workforce that reflects the demographic characteristics of the society in which it operates, including gender, race, and ethnicity.

Demographic Composition

The make-up or structure of a population based on characteristics such as age, gender, ethnicity, and income.