In the OECD Countries,there Is a Negative Relationship Between Output

question 53

Multiple Choice

In the OECD countries,there is a negative relationship between output per capita in 1950 and

• A)growth since 1950.
• B)output per capita in the 1990s.
• C)distance from the equator.
• D)population.
• E) none of the above

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Definitions:

Bonds Payable

A long-term liability account on a company’s balance sheet that represents the amount owed to bondholders by the issuer, to be repaid at a future date.

Unamortized Premium

Unamortized Premium is the portion of the bond premium that has not yet been expensed and is allocated over the remaining life of the bond as an adjustment to interest expense.

Consolidated Gain or Loss

The combined profit or loss of a parent company and its subsidiaries, reported in the consolidated financial statements.