Services Generate More Than Two-Thirds of GDP in Most ________

question 26

Multiple Choice

Services generate more than two-thirds of GDP in most ________, compared to less than half in most ________.

• A) developed countries; developing countries
• B) urban areas; rural areas
• C) developing countries; developed countries
• D) rural areas; urban areas
• E) Central Asian countries; Latin American countries

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Definitions:

Discount

A reduction in the price of a good or service, typically to encourage purchase.

Cash Interest

The actual amount of interest paid in cash by a borrower during a given period for the use of borrowed funds.

Interest Expense

The cost incurred by an entity for borrowed funds, reflecting the interest payments due on any type of debt for a specific period.