The Data Show Argentina?s GDP Using Purchasing Power Parity) in Billions

question 371

Multiple Choice

The data show Argentina?s GDP using purchasing power parity) in billions of dollars. $\begin{array}{ll}\text {year }&1990&1991&1992&1993&1994&1995&1996&1997&1998&1999&2000&2001&2002&2003&2004&2005&2006\\GDP(\$) &182&209&235&255&277&274&294&324&340&333&338&330&300&333&373&420&270\end{array}$
The data show that

• A) Argentina?s economy reached a peak in 1998.
• B) Argentina?s economy entered a recession in 2000.
• C) Argentina?s potential GDP doubled between 1990 and 2006.
• D) GDP per person increased between 1990 and 2006.

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Definitions:

Forming Department

A section within a manufacturing facility where raw materials are shaped into products or parts.

Machine-Hour

A unit of measure representing the operation of a machine for one hour, often used in allocating manufacturing overhead.

Departmental Predetermined Overhead Rates

Overhead rates set in advance for each department, used to allocate overhead costs more accurately based on department-specific drivers.

Manufacturing Overhead

All manufacturing costs other than direct materials and direct labor, including costs such as depreciation, electricity, and salaries for managers.