An Important Factor in Determining a Country's Rate of Economic

question 279

Multiple Choice

An important factor in determining a country's rate of economic growth is

• A) the diversity of its population.
• B) its rate of saving.
• C) the size of its labor force.
• D) the proportion of the adult population that is working.

---

Definitions:

Sum-Of-Years' Digits

A depreciation method that accelerates the expense recognition, using a decreasing fraction of years remaining over the sum of the years' digits.

Double-Declining Balance

A method of accelerated depreciation which doubles the normal depreciation rate, reducing the asset's book value more quickly in its early years.

Salvage Value

The estimated residual value of an asset at the end of its useful life.

Straight-Line Depreciation

A method of allocating an asset's cost evenly across its useful life.