(Table 6: Real GDP and Population Data) Table 6 Provides

question 95

Multiple Choice

(Table 6: Real GDP and Population Data) Table 6 provides data on real GDP, population, and the GDP deflator measures for four countries for 2018. What was GDP per capita in country D in 2018?
$\begin{array}{l}\text { Table 6: Real GDP and Population Data, } 2018\\\begin{array}{|c|c|c|c|c|}\hline & \text { Country A } & \text { Country B } & \text { Country C } & \text { Country D } \\\hline \begin{array}{c}\text { Real GDP (millions } \\\text { of dollars) }\end{array} & \$ 4,000 & \$ 10,000 & \$ 8,000 & \$ 16,000 \\\hline \text { Population (millions) } & 4 & 5 & 2 & 4 \\\hline \text { GDP deflator } & 1.10 & 1.02 & 1.05 & 1.00 \\\hline\end{array}\end{array}$

• A) $2,000
• B) $668
• C) $4,000
• D) $10,200

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Definitions:

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded by the end of the accounting period.

Adjusting Entry

An accounting entry made at the end of an accounting period to record earnings or expenses that have occurred but are not yet entered in the accounts.

Asset Account

An account that shows the value of the assets a company controls, which can include cash, equipment, and real estate.