-Refer to the Above Table

question 156

Multiple Choice

-Refer to the above table. If real GDP is $12 trillion, total planned expenditures and unplanned inventory changes are respectively

• A) $14 trillion and 0.
• B) $13.2 trillion and -$0.8 trillion.
• C) $12.4 trillion and -$0.4 trillion.
• D) $12.4 trillion and $0.4 trillion.

---

Definitions:

Liabilities

Financial obligations or debts a company owes to others, payable in money, goods, or services.

Owner's Equity

The residual interest in the assets of an enterprise after deducting its liabilities.

Assets

Resources owned or controlled by a company that are expected to provide economic benefits or value in the future.

Expenses

Costs incurred by a business in the process of earning revenue, such as salaries, rent, and utilities.