Which of the Following Statements Is True

question 153

Multiple Choice

Which of the following statements is true?

• A)If real GDP grows faster than population, the real GDP per capita will decrease.
• B)If real GDP grows slower than population, the real GDP per capita will increase.
• C)If real GDP and population grow at the same rate, the real GDP per capita will remain constant.
• D)None of these
• E)All of these

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Definitions:

Shareholder Equity

The owners' residual interest in the assets of a corporation after deducting liabilities, essentially representing the net value of a company to its shareholders.

Merit Raises

Increases in an employee's base pay based on performance evaluations.

Profit Sharing

A compensation strategy where employees receive additional pay based on the company's profits.

Profit-Sharing Plans

Programs that distribute a portion of an organization’s profits to its employees, aligning employees' interests with the financial success of the company.