Which of the Following Is Correct

question 73

Multiple Choice

Which of the following is correct?

• A)Countries with the highest growth rates over the last 100 years are the ones that had the highest level of real GDP 100 years ago.
• B)Most countries have had little fluctuation around their average growth rates during the past 100 years.
• C)The ranking of countries by income changes substantially over time.
• D)Over the last 100 years, Japan had the highest real GDP growth rate, and now has the highest real GDP per person.

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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities; also known as shareholders' equity.

Retained Earnings Statement

A financial report detailing the modifications in accumulated profits over a certain timeframe.

Prior Period Adjustments

Corrections of errors in financial statements of prior periods or adjustments for omitted transactions.

Preferred Stock

A class of ownership in a corporation with a higher claim on assets and earnings than common stock, often with fixed dividends.