If Energy Use Per Capita in Developed Countries Had Leveled

question 267

Multiple Choice

If energy use per capita in developed countries had leveled off, while GDP per capita had risen, then it must mean that

• A) energy efficiency had risen.
• B) energy efficiency had fallen.
• C) the energy-use-to-GDP ratio had risen.
• D) the GDP-to-energy-use ratio had fallen.

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Definitions:

Fixed Expenses

Costs that do not change in total despite changes in the volume of goods or services produced or sold, such as rent or salary expenses.

Volatility

This refers to the degree of variation of a trading price series over time, typically measured by the standard deviation of logarithmic returns.

Net Income

Net Income is the total earnings of a company after all expenses and taxes have been subtracted from total revenue, indicating profitability.

Contribution Margin Ratio

A measure that indicates the percentage of each sales dollar that contributes to covering fixed costs and generating profit.