World Growth Data Reveals That from 1960 to 2011

question 22

Multiple Choice

World growth data reveals that from 1960 to 2011:

• A)the US and other OECD countries stagnated.
• B)sub-Saharan African countries grew at low or negative rates.
• C)some countries particularly East Asian countries grew at low or negative rates.
• D)all of the above.

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Definitions:

Capital Account

A financial statement that shows the changes in a company's equity during a specific period.

Capital Balance

The amount of owner's equity or shareholder's equity in a business, representing the owner's investment.

Net Assets

The total assets minus total liabilities of an entity, representing the owners' equity.

Capital Balances

The amounts recorded in the equity section of a company's balance sheet for the owners' or shareholders' investments.