Which of the Following Is True

question 37

Multiple Choice

Which of the following is true?

• A) In low-income countries, less than 5 percent of those 15 and older were illiterate during the period of 2005 to 2009.
• B) In middle-income countries, 17 percent of those 15 and older were illiterate during the period 2005 to 2009.
• C) In high-income countries, 38 percent of those 15 and older were illiterate during the period of 2005 to 2009.
• D) Education bears little relationship to economic development in high-income countries.
• E) Education is more important to the economic development of low-income countries than it is to high-income countries.

---

Definitions:

Expenses Incurred

Costs that have been realized in the course of business operations, regardless of payment status.

Capital

Capital refers to financial assets or their financial value, along with the physical factors of production used to create goods and services.

Income Statement

A report documenting a business's income, costs, and earnings during a certain timeframe.

Revenues And Expenses

Financial terms where revenues are the earnings from normal business operations and expenses are the costs incurred to earn these revenues.