At One Time, Pittsburgh, Pennsylvania, Was Known for Its Poor

question 184

Multiple Choice

At one time, Pittsburgh, Pennsylvania, was known for its poor air quality. Locals said that a man wearing a white shirt when he walked into the city would have a black shirt when he left. Since that time, the city has greatly reduced its air and water pollution. As a result of cleaner air and water

• A) the standard of living of the citizens of Pittsburgh has increased, even though the improvement in the environment was not reflected in its GDP.
• B) the value of the GDP increased.
• C) the value of the GDP increased in the year that the improvements were made but did not change in ensuing years.
• D) the standard of living of the citizens of Pittsburgh did not change.

---

Definitions:

Payout Ratio

The ratio of income distributed to shareholders in the form of dividends, usually represented as a percent.

Dividend Payout Ratio

The percentage of earnings paid to shareholders in dividends, indicating how much money a company returns to shareholders vs. retaining.

Internal Growth Rate

The maximum rate at which a company can expand internally without needing to obtain additional external financing.