By 1937,when a New Recession Began in the Midst of the Great

question 103

Multiple Choice

By 1937,when a new recession began in the midst of the Great Depression,

• A)GDP had almost recovered to its 1929 level, but unemployment was still above the 1929 level.
• B)unemployment had almost fallen back to its 1929 level, but GDP had yet to recover to its 1929 level.
• C)neither GDP nor unemployment had returned to near their 1929 levels.
• D)both GDP and unemployment had returned to near their 1929 levels.

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its customers by comparing net credit sales to average accounts receivable.

Net Credit Sales

The total revenue from sales made on credit, minus returns and allowances, over a specific period.

Accounts Receivable

A financial record representing the money owed to a company by its customers for goods or services delivered on credit.

Profitability Ratio

A category of financial metrics used to assess a business's ability to generate earnings relative to its revenue, assets, equity, or other financial aspects.