Consider the Following Equation: GHG = × ×

question 69

Multiple Choice

Consider the following equation: GHG = × × GDP,
Where GHG = world annual emissions of greenhouse gases
Energy = world annual amount of energy consumed
GDP = world's annual gross domestic product
Suppose GHG emissions increased by 10% between 2011 and 2015,a period when GDP increased by 5% and Energy/GDP was constant.We can conclude that GHG/Energy over the same period

• A)increased by 5%.
• B)decreased by 5%.
• C)was unchanged.
• D)increased by 10%.
• E)decreased by 10%.

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Definitions:

Gross Method

A method of recording purchases of inventory at their gross price without any deduction for trade discounts at the time of purchase.

Periodic Inventory Method

An accounting approach where inventory values and cost of goods sold are determined at the end of an accounting period through physical inventory counts.

Purchases Discount

A reduction in the invoice price of goods, granted by the seller to the buyer for early payment within a specified time frame.

Gross Method

An accounting method for recording inventory purchases without deducting discounts at the time of purchase.