What Measure of Economic Development Is Used Most Often to Classify

question 258

Multiple Choice

What measure of economic development is used most often to classify nations as industrially advanced or as developing?

• A) per capita income
• B) life expectancy at birth
• C) per capita energy consumption
• D) daily per capita calorie supply

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Definitions:

Retains Earnings

Retains Earnings are the portion of net income that is not distributed to shareholders as dividends, but rather retained by the company for reinvestment or to pay off debt.

Sustainable Growth Rate

The maximum rate at which a company can grow its sales and earnings without needing to increase its financial leverage.

Ratios

Metrics derived from a financial analysis that provide insights into a company's performance, liquidity, profitability, and solvency.

Constant

A value that does not change and remains fixed under specified conditions.