Growth in GDP Per Capita Will Be Achieved When

question 101

Multiple Choice

Growth in GDP per capita will be achieved when

• A)Labor demand decreases substantially while labor supply increases slightly.
• B)GDP grows faster than the population.
• C)Investment is equal to saving.
• D)The government allows tax credits for companies who invest in research and development.

---

Definitions:

Cost of Merchandise Sold

The total expense of buying or manufacturing the goods sold by a business during a specific period.

Sales

The total amount of money received from selling goods or services over a specific period.

Periodic Inventory System

An inventory accounting system where updates to the inventory accounts are made at specific intervals, not continuously.

Merchandise

Goods that are purchased for the purpose of being sold to customers in the retail or wholesale market.