At the Beginning of the Year, One Developing Country (DVC)

question 178

Multiple Choice

At the beginning of the year, one developing country (DVC) has a real income per capita of $800. In a developed country (IAC) , the real income per capita is $30,000. Both countries experience a 4
Percent growth rate for the year. At the end of the year, the absolute income gap between these
Two countries will have increased from $29,200 to

• A) $30,368.
• B) $31,200.
• C) $30,120.
• D) $32,032.

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Definitions:

Statistics Canada

Statistics Canada is the national statistical office of Canada, responsible for producing data on the Canadian economy, society, and environment that aids in informed decision-making.

Dun & Bradstreet Canada

A branch of the global corporation Dun & Bradstreet that specializes in providing commercial data, analytics, and insights for businesses in Canada.

Fixed Asset Turnover Ratio

A financial metric that measures how efficiently a company uses its fixed assets to generate sales.

Net Income

The financial gain a company realizes after all deductions, including taxes and costs, are taken from revenue.