Which of the Following Statements Is True

question 136

Multiple Choice

Which of the following statements is true?

• A) The GDP per capita in most of the Western world has almost been constant since the beginning of the twentieth century.
• B) The GDP per capita of a nation at a particular point of time is not the same as the income of all individuals in that nation.
• C) GDP per capita is a useful tool to study the disparities in the standards of living in a country.
• D) GDP per capita decreases with a decrease in population and increases with an increase in population, GDP remaining unchanged.

---

Definitions:

Unrealized Loss

A loss that results from holding onto an asset that has decreased in price, but has not actually been sold for a loss.

Available-For-Sale Securities

Financial assets that are intended to be sold in the short term, not held to maturity, and are recorded at fair market value.

Market Values

The present rate at which a service or asset is available for purchase or sale on the market.

Adjusting Entry

An accounting entry made in the journals at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.