If the GDP Per Capita Is $2,000,and the Population Is

question 142

Multiple Choice

If the GDP per capita is $2,000,and the population is 150,000 people,then the GDP must be:

• A)$75.
• B)$7,500.
• C)$300,000,000.
• D)None of these statements is true.

---

Definitions:

Accumulated Depreciation

The cumulative amount of a physical asset's value that has been accounted for as depreciation since the asset was first utilized.

Partnership Investment

A contribution of assets by a partner to a partnership, often in exchange for a share of the partnership's profits.

Equipment

Assets used in the operation of a business or manufacturing process, which have a long-term use and value.

Income Ratio

A financial metric that compares various incomes to a particular benchmark, such as net income to sales or investment income to total assets.