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Table 153
Cordelia Saldinia The Above Table Contains Data for the Nations of Cordelia

question 27

Multiple Choice

Table 15.3
Cordelia Saldinia
 Debt-to-cDP ratio 172%65% Average annual ecanmaic growth  unt 4.7%3.2% Average influtim rate 6.3%0.3% Average nominal interest rate 2.5%4.6%\begin{array} { | l | r | r | } \hline \text { Debt-to-cDP ratio } & 172 \% & 65 \% \\\hline \text { Average annual ecanmaic growth } & & \\\text { unt } & 4.7 \% & 3.2 \% \\\hline \text { Average influtim rate } & 6.3 \% & - 0.3 \% \\\hline \text { Average nominal interest rate } & 2.5 \% & 4.6 \% \\\hline\end{array}
The above table contains data for the nations of Cordelia and Saldinia for 2012. Assume seigniorage is zero.
-Refer to Table 15.3.Based on the data in the table,fiscal policy in Cordelia is ________ and fiscal policy in Saldinia is ________.

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Definitions:

Gross Profit Method

A technique to estimate the amount of ending inventory and cost of goods sold by using the gross profit margin.

Gross Margin Ratio

A financial metric showing the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of a company in managing its production costs.

Ending Inventory

The entire value of commodities prepared for sales at the finale of an accounting timeline.

Perpetual Inventory System

A Perpetual Inventory System continuously updates inventory records and cost of goods sold with each transaction, providing real-time inventory levels.

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