Which of the Following Display a Direct or Positive Relationship

question 13

Multiple Choice

Which of the following display a direct or positive relationship?

• A)a country's productivity and its standard of living
• B)a country's government spending and its tax rates
• C)a country's total population and its per-capita income
• D)a country's prices for its goods and services and its exports

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Definitions:

Consolidated Financial Statements

Financial statements that show the financial position and results of operations for a parent company and its subsidiaries as one economic entity.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within a business's normal operating cycle if longer.

Acquisition Cost

The total cost incurred to acquire an asset, including purchase price and all other costs necessary to bring the asset to a condition ready for its intended use.

Consolidated Financial Statements

Combined reporting of the financial statements of a parent company and its subsidiaries as if they were a single entity.