Table 171 Refer to Table 17

question 5

Multiple Choice

Table 17.1 $\begin{array}{|c|c|c|}\hline \text { Year } & \text { Real GDP } & \text { Population } \\\hline 1 & \$ 575 \text { billion } & 22 \text { million } \\\hline 2 & \$ 580 \text { billion } & 24 \text { million } \\\hline 3 & \$ 605 \text { billion } & 25 \text { million } \\\hline 4 & \$ 606 \text { billion } & 27 \text { million } \\\hline\end{array}$
Refer to Table 17.1.From year 3 to year 4,real GDP per capita

• A)Increased.
• B)Decreased.
• C)Stayed the same.
• D)Cannot be determined form the information given.

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Definitions:

Journal

An accounting record in which transactions are initially recorded in chronological order.

Footing

An accounting term referring to the final total that appears at the bottom of a column of numbers or the process of adding up figures in a column.

Cross-footing

A method used in accounting to check the arithmetic accuracy of accounts by comparing the sums of the totals in the opposite directions.

Special Journals

Special journals are accounting tools used to record specific types of transactions in a more efficient manner, such as sales, purchases, cash receipts, and disbursements.