(Table) Look at the Table of Data for Two Countries;

question 161

Multiple Choice

(Table) Look at the table of data for two countries; which country is likely to grow more rapidly? $$\begin{array} { | l | l | l | l | l | } \hline \text { Country } & \text { GDP for } 2016 & \text { Population } & \begin{array} { l } \text { Consumer } \\\text { purchases as a } \\\text { share of GDP }\end{array} & \begin{array} { l } \text { Investment as a } \\\text { share of GDP }\end{array} \\\hline \text { Econoland } & \text { S40 billion } & 20 \text { million } & 70 \% & 15 \% \\\hline \text { Macroland } & \$ 80 \text { billion } & 42 \text { million } & 80 \% & 9 \% \\\hline\end{array}$$

• A) Econoland because it will have a larger total investment
• B) Macroland because it will have a larger total investment
• C) Econoland because it will have larger investment per capita
• D) Macroland because it will have larger investment per capita

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Definitions:

Account Balance

The difference between the total debits and total credits in an account, representing the current amount in that account.

Debits

Entries that increase asset or expense accounts, or decrease equity, liability, or revenue accounts, typically noted on the left side of an accounting ledger.

Credits

In accounting, credits refer to an entry on the right side of a double-entry bookkeeping system that increases liabilities, equity, or revenue or decreases an asset or expense account.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure a company's bookkeeping system is mathematically correct.