Which of the Following Countries Have the HIGHEST GNI PER

question 24

Multiple Choice

Which of the following countries have the HIGHEST GNI PER CAPITA?

• A) Saudi Arabia and Iran
• B) Mexico and Spain
• C) United States and Switzerland
• D) India and China
• E) Japan and Germany

---

Definitions:

Depreciation Expense

An accounting method that allocates the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.

Manufacturing Overhead

Manufacturing overhead includes all the indirect costs associated with producing goods, other than direct materials and direct labor, such as utilities, depreciation, and maintenance expenses.

Direct Materials

Raw materials that are directly consumed in the manufacturing of a product and are easily identifiable in the finished product.

Period Cost

Expenses incurred that are not directly tied to production activities, such as selling, administration, and financial costs.