Which of the Following Trends Were Not Observed in the 1980-2006

question 151

Multiple Choice

Which of the following trends were not observed in the 1980-2006 period?

• A) China saw production per capita of its citizens increase significantly.
• B) India saw production per capita of its citizens increase significantly.
• C) Sub-Saharan African countries experienced a dramatic expansion of their economies.
• D) After the recession in 1981-1982, the United States experienced two decades of almost continuous economic growth, with only minor recessions.

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Definitions:

Fair Market Value

The price at which an asset would sell in the marketplace given willing, informed, and unpressured buyers and sellers.

Transfers

Movements of funds or resources from one account to another within an organization or between organizations.

Purchases Journal

A financial record keeping system that tracks all purchases of merchandise, supplies, or other assets on credit.

Cash Payments Journal

A cash payments journal is a financial journal that records all cash outflows or payments made by a business.