In 2010,Northland Had Real GDP of $4

question 65

Multiple Choice

In 2010,Northland had real GDP of $4.21 billion and a population of 2.98 million.In 2011,real GDP was $4.59 billion and population was 2.97 million.What was Northland's economic growth rate in 2011?

• A)0.38 percent
• B)3.8 percent
• C)8.3 percent
• D)9.0 percent
• E)11.1 percent

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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the owners' claim on the company's assets.

Note Payable

A documented commitment to repay a certain sum of money along with interest at an agreed-upon date in the future.

Long-term

Refers to assets, liabilities, or investments expected to be held or relevant for a period exceeding one year.

Current Liabilities

Obligations or debts that a company expects to pay or settle within one year.