Which of the Following Is Not Correct

question 203

Multiple Choice

Which of the following is not correct?

• A) High-skilled immigration increases GDP growth.
• B) In the United States, about 40 percent of PhD. scientists and engineers are foreign born.
• C) Low-skilled immigration lowers the earnings of native-born workers by 10-20 percent.
• D) Illegal immigrants may pay less in taxes, but they also are eligible for fewer government benefits.

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Definitions:

Consolidated Financial Statements

Financial statements that represent the aggregation of a parent company and its subsidiaries, presenting the financial position and results of operations as if the group were a single entity.

Consolidated Statement

A financial statement that aggregates the financial positions of a parent company and its subsidiaries.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear, and tear over time.

Straight-Line Method

A method of calculating the depreciation of an asset that allocates an equal amount of depreciation each year over the asset's useful life.