To Compute the Net Debt Per Capita, a User of Financial

question 53

Multiple Choice

To compute the net debt per capita, a user of financial statements would need to look at (in the CAFR) :

• A) The debt in the government-wide Statement of Net Assets, the amount available to pay that debt in the governmental funds Balance Sheet and the population from the statistical section
• B) The debt and the amount available to pay that debt in the governmental funds Balance Sheet and the population from the statistical section
• C) The debt in the governmental funds Balance Sheet, the amount available in the government-wide Statement of Net Assets and the population from the statistical section
• D) All three items from the government-wide Statement of Net Assets

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Definitions:

Factor of Production

An economic resource used in the production of goods and services, including labor, capital, land, and entrepreneurship.

Market

A group of buyers and sellers of a particular good or service.

Diminishing

A principle often referring to diminishing returns, where additional inputs result in progressively smaller increases in output.

Marginal Product

The additional output resulting from the use of one more unit of a production input, holding all other inputs constant.