The Variable Used by Economists as the Best Broad Indicator

question 53

Multiple Choice

The variable used by economists as the best broad indicator of a nation's standard of living is

• A)real GDP per person.
• B)real GDP.
• C)the capital-labor ratio.
• D)the capital-output ratio.
• E)multifactor productivity.

Grasp the components and significance of a firm's credit policy.

Comprehend the role and mechanisms of floats in financial management.

Interpret the effects of relaxing or tightening credit policies and collection procedures on financial indicators.

Identify factors determining a firm's investment in accounts receivable.

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