If Real GDP Grew 5 Percent Last Year and the Population

question 32

Multiple Choice

If real GDP grew 5 percent last year and the population grew 2 percent,then real GDP per person grew by ________ percent.

• A)10
• B)5
• C)3
• D)2
• E)7

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Definitions:

Consolidated Earnings Per Share

A measure of a company's profitability that takes into account earnings from all of the entities it controls, presented on a per-share basis.

Acquisition-Date Fair Value

The fair value of an asset or liability measured at the date a business combination is effected.

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.