Real GDP Per Capita

question 146

Multiple Choice

Real GDP per capita

• A) cannot grow more rapidly than real GDP.
• B) cannot grow more slowly than real GDP.
• C) necessarily grows more rapidly than real GDP.
• D) can grow either more slowly or more rapidly than real GDP.

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Definitions:

Accounts Receivable

Funds that customers owe to a business for goods or services that have been provided but remain unpaid.

Inventory

The raw materials, work-in-process products, and finished goods that a company holds for the purpose of sale in the near future.

Marketable Securities

Financial instruments that can be easily converted into cash, such as stocks, bonds, or treasury bills.

Operating Activities

Activities that relate directly to the primary business operations of a company, such as selling products or providing services.