Convergence Can Be Seen in the Data of All Countries

question 41

Multiple Choice

Convergence can be seen in the data of all countries together if one holds constant:

• A)the saving rate.
• B)the fertility rate.
• C)the degree the rule of law is maintained.
• D)all of the above.

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Definitions:

Interest

The cost of borrowing money, expressed as a percentage of the amount borrowed, paid by the borrower to the lender.

Note Receivable

A financial asset representing a written promise for a debtor to pay a certain amount of money to the holder of the note on a specific date or on demand.

Percent of Sales Method

A financial planning tool used to forecast future revenues, expenses, or balance sheet figures as a percentage of sales.

Uncollectible Accounts Receivable

Accounts receivable that are considered to be uncollectible due to the inability of the customers to pay.