In the Context of the Shifting Balance of Economic Power

question 60

Multiple Choice

In the context of the shifting balance of economic power in the global economy,which of the following factors has helped boost incomes and wealth in the African continent between 2000 and 2015?

• A) A one-child policy
• B) An increase in the price of agricultural products
• C) An increase in the size of the elderly population
• D) An easy immigration process for workers

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Definitions:

Investments Section

A portion of a financial statement or report that enumerates an entity's investments in other companies, bonds, stocks, or other financial assets.

Currently Collectible

Amounts due that can be expected to be received or realized in cash within the current accounting period.

Direct Write-off

A method of accounting where uncollectible receivables are written off to expense only when they are deemed non-collectible.

Allowance Account

A contra account related to accounts receivable that estimates the amount of receivables which may not be collected.