Reference: Ref 8-1 (Table: GDP Growth) the Table Shows Growth

question 89

Multiple Choice

Reference: Ref 8-1 (Table: GDP Growth) The table shows growth rates for Germany, Japan, and the United States in both the post-WWII period from 1950-1960 and then again from 1980-1990. Which of the following explains why Germany and Japan experienced such high growth rates just after the Second World War?

• A) Trade agreements between Germany and Japan greatly enhanced economic growth.
• B) High MPK levels contributed to significant per capita output growth.
• C) Their technological advances at this time were higher than those of the United States.
• D) All of the answers are correct.

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Definitions:

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers for goods or services sold on credit.

Average Annual Sales

Average annual sales represent the mean revenue a company generates per year over a specified period, commonly used to assess business performance and growth trends.

Credit Policy

Guidelines that a company follows to determine credit limits and terms for customers, which affects how and to whom credit is extended.

Cost Of Sales

This refers to the direct costs attributable to the production of the goods sold by a company, including material and labor costs.