Which of the Following Is an Indicator of Economic Development

question 31

Multiple Choice

Which of the following is an indicator of economic development?

• A) Population expansion
• B) Expanding state ownership
• C) Extent of social overhead capital
• D) Social reformation
• E) Cultural diversity

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Definitions:

July

The seventh month of the year in the Gregorian calendar, commonly associated with the height of summer in the Northern Hemisphere.

Variable Overhead Efficiency Variance

A measurement of the difference between the expected (or standard) amount of variable overhead based on actual output and the actual variable overhead incurred.

Supplies

Items used in the operation of a business, not directly tied to the product being sold but necessary for its production or administration.

Flexible Budget

A budget that adjusts or varies with changes in the volume of activity, revenue, or other factors influencing budgetary needs.