If the Number Employed Grows Faster Than the Population,then the

question 120

Multiple Choice

If the number employed grows faster than the population,then the

• A)Living standard will fall.
• B)Growth rate of GDP will fall.
• C)Living standard will rise.
• D)Growth rate of GDP will not be affected.

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Definitions:

NPV

An alternate expression for Net Present Value, it represents the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

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A set of guidelines a company follows to determine the creditworthiness of its customers and the terms of credit it will offer.

Contingent Demand

Demand for a product or service that depends on the demand for another product or service.

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Bespoke cabinetry designed and built to fit the specific measurements and requirements of a particular space.