In 2014,if the PPP Per Capita of China Was $13,170

question 11

Multiple Choice

In 2014,if the PPP per capita of China was $13,170 and the PPP per capita of the United States was $55,860,this means that the

• A)GNI per capita was greater in China.
• B)percent of goods and services consumed in the United States was lower.
• C)standard of living in China was better.
• D)cost of living was lower in China.
• E)annual average GDP growth rate was lower in China.

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Definitions:

Contingency Payment

A payment that is made only if certain specified conditions are met or certain outcomes occur.

Consolidated Land

Land owned by a parent company or a group of companies controlled by a single entity, combined for financial reporting purposes.

Common Stock

Represents ownership shares issued by a corporation, giving holders voting rights and a residual claim on the company's assets and earnings.

Acquisition Transaction

A business event wherein one company purchases a portion or all of another company's shares or assets.