At the Beginning of the Year, One Developing Country (DVC)has

question 117

Multiple Choice

At the beginning of the year, one developing country (DVC) has a real income per capita of $800. In a developed country (IAC) , the real income per capita is $30,000. Both countries experience a 4 percent growth rate for the year. At the end of the year, the absolute income gap between these two countries will have increased from $29,200 to

• A)$30,368.
• B)$31,200.
• C)$30,120.
• D)$32,032.

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Definitions:

Information Technology

The use of computers, telecommunications, and other devices to store, retrieve, transmit, and manipulate data.

Computer Workstations

High-performance computers designed for technical or scientific applications, often used in professional environments for tasks requiring significant computing power.

Step-down Method

An accounting method used in cost accounting to allocate overhead costs to related products or services in a hierarchical manner.

Personnel Department

A division within a company responsible for managing human resources functions, including recruitment, training, and employee relations.