All of the Following Measures or Indices Give a Static

question 9

Multiple Choice

All of the following measures or indices give a static picture of development,except:

• A)the Human Development Index (HDI).
• B)Gross National Income (GNI).
• C)Economic Growth Rates (EGR).
• D)Purchasing Power Parity (PPP).

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Definitions:

Falling Prices

A situation where the general level of prices for goods and services decreases over time.

LIFO Method

An inventory valuation method that assumes the last items added to inventory are the first ones to be sold (Last In, First Out).

Periodic Inventory System

An inventory valuation method where the ending inventory and cost of goods sold are determined at the end of the accounting period.

Subsidiary Ledger

A detailed ledger that contains the individual accounts related to a specific category, supplementing the general ledger.