The Average Per Capita Income in 2014 for Low-Income Developing

question 54

Multiple Choice

The average per capita income in 2014 for low-income developing nations was about

• A) $630.
• B) $2,100.
• C) $1,240.
• D) $4,600.

---

Definitions:

Common Stock

Corporate stock that does not convey any preferences to its holders.

Corporation

A legal entity formed by issuing stock to investors, who are the owners of the corporation.

Preferences

Preferences typically involve decisions or policies that give priority or advantage to particular individuals or groups, often seen in legal contexts such as bankruptcy.

Corporate Veil

A legal concept separating the actions of a corporation from its shareholders, protecting them from being personally liable for the company's debts and obligations.