Roughly How Many Years Will It Take a Country That

question 15

Multiple Choice

Roughly how many years will it take a country that grows at an average rate of 2% per year to double the size of its GDP?

• A)100
• B)50
• C)35
• D)20
• E)15

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Definitions:

Intragroup Transactions

Transactions that take place between entities within the same group or company, often requiring elimination for consolidated financial reporting.

Profit

The financial gain that is derived from the difference between the amount earned from goods sold or services provided and the cost of production or providing these services.

Consolidation Adjustment

A process in financial accounting where adjustments are made to present a group of companies as a single economic entity in consolidated financial statements.