If Real GDP Grows from $10 Trillion in 2002 to $10.5

question 67

Multiple Choice

If real GDP grows from $10 trillion in 2002 to $10.5 trillion in 2003,the growth rate for real GDP is

• A)5%.
• B)10%.
• C)50%.
• D)0.5%.

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Definitions:

Post Incorporation Subscription

Agreements to purchase stock in a company made after the company has been incorporated.

Corporate Promoters

Individuals or companies that take the initiative in founding and organizing the business of a corporation, including arranging its incorporation and securing capital.

Organization Meeting

The initial meeting where the structure of a new organization is decided, officers are elected, and bylaws are adopted.

Preincorporation Contracts

Agreements made by the founding members of a corporation on its behalf before the company is formally incorporated.