Since 1900,real GDP Per Capita in Canada Has ________ in the Short

question 64

Multiple Choice

Since 1900,real GDP per capita in Canada has ________ in the short run and has ________ in the long run.

• A) fluctuated; displayed a strong upward trend
• B) remained fairly stagnant; grown considerably
• C) decreased more often than it has increased; increased more often than it has decreased
• D) grown at a stable and consistent rate; wildly fluctuated

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Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to record revenues to the period they are earned and expenses to the period incurred.

Cost of Goods Sold

The expenses directly associated with the manufacturing of products a company sells, such as materials and labor.

Customer Returns

Goods or merchandise sent back to the retailer or manufacturer by the purchaser due to defects, dissatisfaction, or other reasons.

Accounting Equation

The core formula of double-entry accounting: Assets equal Liabilities plus Equity, which shows the link between a firm's assets and the stakes held in those assets.