Dividing Real GDP by the Population

question 84

Multiple Choice

Dividing real GDP by the population:

• A) results in consumption per capita.
• B) results in nominal GDP per capita.
• C) results in real GDP per capita.
• D) results in a measure of happiness.

---

Definitions:

Dissolution

The process of legally dissolving a corporation or partnership, involving the cessation of its business operations and the distribution of its assets.

General Partnership

A business structure where two or more individuals share ownership, responsibilities, profits, and liabilities.

Mutual Agency

A legal principle in partnerships where each partner has the authority to bind the partnership (and other partners) in contracts related to the business's usual operations.

Positive Net Income

A financial situation where a company's total revenues exceed its total expenses, indicating profitability.