All Else Equal,which of the Following Would Tend to Cause

question 6

Multiple Choice

All else equal,which of the following would tend to cause real GDP per person to rise?

• A)a change from outward-oriented policies to inward-oriented policies
• B)an increase in investment in human capital
• C)a weakening of property rights
• D)All of the above are correct.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses and taxes from its total revenues.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, indicating the amount contributed toward covering fixed costs and generating profit.

Units Sold

The total number of a product's units that have been sold during a certain period.

Variable Costing

A costing method that includes only variable production costs in the cost of goods sold and treats fixed costs as period expenses.