If Net Domestic Product (NDP) Is $50 Less Than Gross

question 123

Multiple Choice

If Net Domestic Product (NDP) is $50 less than Gross Domestic Product (GDP) , we know that

• A) inventories increased over the year.
• B) inventories decreased over the year.
• C) net investment equals $50.
• D) depreciation equals $50.

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Definitions:

Accounts Payable

This refers to the amounts due by a business to its suppliers or other parties for goods and services received but not yet paid for.

Accounts Payable Transaction

Financial activities related to the money owed by a company to its creditors or suppliers for goods and services received.

Accounts Payable

Money owed by a business to its suppliers or creditors for goods and services received but not yet paid for.

Credit

An accounting entry that either increases equity, liability, or revenue accounts, or decreases an asset or expense account.