In the Past 100 Years,there Has Been a Decline in the Use

question 160

Multiple Choice

In the past 100 years,there has been a decline in the use of unpaid child labor on family farms.Therefore:

• A) changes in GDP overstate the true increase in production over the past 100 years.
• B) changes in GDP understate the true increase in production over the past 100 years.
• C) there has been no change in GDP over the past 100 years.
• D) there has been no change in production over the past 100 years.

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Definitions:

Business Venture

A new enterprise entered into for profit, often characterized by innovation, risk, and a new market or product.

Compounded Semi-annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods twice a year.

EAR

Effective Annual Rate is the actual return on an investment or the actual interest rate of a loan, taking into account the effect of compounding interest over the period.

Calculate

To calculate means to determine the amount or number of something by using mathematical processes.