According to the Text, the Results of the Huge Discrepancy

question 28

Multiple Choice

According to the text, the results of the huge discrepancy in resources allocated to blacks and whites during the apartheid era are most apparent in:

• A)gender equality.
• B)public facilities.
• C)prevalence of disease.
• D)education parity.

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Definitions:

Double Counting

The mistake of including both the value of intermediate products and the value of final products in calculating gross domestic product; counting the same production more than once

Financial Assets

Instruments that represent a financial value, including stocks, bonds, bank deposits, and mutual funds.

Transfer Payments

Cash or in-kind benefits given to individuals as outright grants from the government.

Double-Entry Bookkeeping

An accounting method that records each transaction in two accounts, ensuring that the total debits equals the total credits and maintaining the balance of the accounting equation.