A Typical Firm That Needs Operating Capital Has

question 56

Multiple Choice

A typical firm that needs operating capital has

• A)constantly increasing income.
• B)seasonal income.
• C)constantly decreasing income.
• D)unpredictable income.

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Definitions:

Gross National Product

The total value of all goods and services produced by a country's residents in a specific time period, including international activities.

Output

The amount of goods or services produced by a company, country, or economic system.

Human Development Index

An index measuring average achievements in a country in three basic dimensions of human development: long and healthy life, knowledge, and a decent standard of living.

Purchasing Power Parity

An economic theory and a method to compare the relative value of currencies, based on the cost of a standard set of goods and services in different countries.