Reference: Ref 7-1 (Figure: The Distribution of World Income) Refer to the figure. Based on the data in the figure, about how many times wealthier is the richest country when compared to the poorest country?
Definitions:
Net Present Value
A method used in finance to assess the profitability of an investment by calculating the present value of its expected future cash flows minus the initial investment cost.
Investment
The action of allocating resources, usually money, with the expectation of generating an income or profit.
Interest Rate
The percentage of a sum of money charged for its use, often expressed as an annual percentage on loans or earned on savings.
Net Present Value
A financial metric that calculates the present value of all future cash flows associated with a project, minus the initial investment cost.
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