An Obstacle to Economic Growth in Developing Countries Is

question 56

Multiple Choice

An obstacle to economic growth in developing countries is

• A) the limited demand for natural resources.
• B) the limited supply of capital goods.
• C) a decline in population growth.
• D) the low productivity of capital.

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Definitions:

Cash Receipts

Money received by a business during a set accounting period, including revenue from sales, interest, dividends, and other cash inflows.

Voucher System

A control mechanism in accounting to ensure all business transactions are properly authorized and recorded.

Liabilities

A company's legal financial debts or obligations that arise during the course of business operations, to be settled over time through the transfer of economic benefits including money, goods, or services.

Cash Payment

A transaction in which the payment for a good or service is made with cash at the time of purchase.