A Company's Sales Increase by the Same Amount Each Year

question 44

Multiple Choice

A company's sales increase by the same amount each year. This growth is . . .

• A) exponential
• B) linear
• C) logarithmic
• D) power
• E) quadratic

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Definitions:

EURO

The official currency of the Eurozone, which is used by 19 of the 27 European Union countries.

Official Currency

The legally established money within a country that is used as a medium of exchange, store of value, and unit of account.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country in a given period, a primary indicator of economic health.

GATT Agreement

The General Agreement on Tariffs and Trade; a legal agreement between many countries whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas.