Which Country Is Adding 14 Million New Workers Every Year

question 6

Multiple Choice

Which country is adding 14 million new workers every year, about 25 percent of the world's new workers?

• A) China
• B) Brazil
• C) India
• D) Russia
• E) Nigeria

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Definitions:

Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership value in a firm.

Nonowner Transactions

Financial transactions that affect the balance sheet but do not involve changes in ownership equity.

Revenue Recognition

The accounting principle that dictates the specific conditions under which revenue is recognized or accounted for.

Percentage-Of-Completion

An accounting method used to recognize revenues and expenses of long-term projects proportionally to the work completed to date.