In 2011, Armenia Had a Real GDP of Approximately $4

question 292

Multiple Choice

In 2011, Armenia had a real GDP of approximately $4.21 billion and a population of 2.98 million. In 2012, real GDP was $4.59 billion and population was 2.97 million. From 2011 to 2012, Armenia's standard of living ________.

• A) increased
• B) decreased
• C) did not change
• D) might have increased, decreased, or remained unchanged but more information is needed to determine which

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Definitions:

Net Capital Spending

This term refers to the total amount a company spends on acquiring or maintaining fixed assets, minus any sales of these assets, over a given period.

Earnings Per Share

A financial metric that measures the amount of a company's profit attributable to each outstanding share of common stock, calculated as net income divided by the number of outstanding shares.

Shares Of Stock

Equal units of ownership in a corporation, representing a claim on part of the corporation’s assets and earnings.

Net Capital Spending

The total expenditure on fixed assets minus any sales of fixed assets, reflecting a company's investment in its physical assets.