The Philippines and Vietnam Have Roughly the Same Size Population

question 5

Multiple Choice

The Philippines and Vietnam have roughly the same size population.Suppose the GDP of the Philippines is $1,000 billion and the GDP of Vietnam is $10,000 billion.You should conclude

• A)a typical person in Vietnam is 10 times as well off as the typical person in the Philippines.
• B)a typical person in Vietnam is more than 10 times as well off as the typical person in the Philippines.
• C)a typical person in Vietnam is less than 10 times as well off as the typical person in the Philippines.
• D)it is not possible to make a good comparison of the economic well being of a typical individual in the 2 countries without additional information.

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated as sales divided by average accounts receivable.

Embezzling Funds

Illegally taking or misappropriating money or assets entrusted to one's care, typically in a workplace or fiduciary setting.

Adverse Publicity

Negative media coverage or public perception that can potentially harm a company's reputation or financial health.

Inventory Turnover

A metric indicating how many times a company's inventory is sold and replaced over a period, measuring efficiency in managing inventory.