(Table 3: Economic Data for Countries A, B, C, and D

question 4

Multiple Choice

(Table 3: Economic Data for Countries A, B, C, and D, 2008 to 2018) Table 3 provides data on real GDP, real GDP per capita, and growth in real GDP per capita over a decade. Which country had the lowest growth rate in living standards over the decade 2008 to 2018?
$\begin{array}{l}\text { Table 3. Economic Data for Countries A, B, C, and D, } 2008 \text { to } 2018\\\begin{array}{|l|l|l|l|l|}\hline & \text { Country A } & \text { Country B } & \text { Country C } & \text { Country D } \\\hline 2008 \text { real GDP } & \$ 5,000 & \$ 7,000 & \$ 15,000 & \$ 33,000 \\\text { per capita } & & & & \\\hline 2008 \text { real GDP } & \$ 500 \text { billion } & \$ 300 \text { billion } & \$ 900 \text { billion } & \$ 2 \text { trillion } \\\hline 2018 \text { real GDP } & \$ 9,000 & \$ 10,000 & \$ 20,000 & \$ 36,000 \\\text { per capita } & & & & \\\hline 2018 \text { real GDP } & \$ 910 \text { billion } & \$ 430 \text { billion } & \$ 1.4 \text { trillion } & \$ 2.2 \text { trillion } \\\hline\end{array}\end{array}$

• A) A
• B) B
• C) C
• D) D

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Definitions:

Financial Advantage

The benefit obtained in financial terms, which can be through gains in revenues, reductions in costs, or improved profitability.

Reworked Material

Materials that have been corrected or modified after initial processing to meet the required standards.

Avoidable Costs

These are expenses that can be eliminated if a particular decision is made or if a certain action is avoided.

Eliminated Costs

Expenses removed from a budget or accounting records, often due to cost-cutting measures.