Table 2.1 GDP and Its Components,2012

question 70

Multiple Choice

Table 2.1 GDP and its components,2012
-Assuming that the GDP breakdown shown in Table 2.1 is typical of a given year in the U.S.we can say that ________.

• A)we spend twice as much on services as we do on goods consumption
• B)consumption of nondurable goods is twice that of durables
• C)private investment is the smallest of the main domestic components of GDP
• D)all of the above
• E)none of the above

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Definitions:

Shares Authorized

The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation.

Proxy

A person authorized to act on behalf of another, especially in voting at a shareholder meeting, or the document authorizing the person to vote.

Common Stock

A form of corporate equity ownership, a type of security representing ownership in a corporation, with voting rights and the potential for dividends.

Outstanding

An amount of money that is still owed or an issue that has not yet been resolved.