If GDP Declined by 6 Percent in Real Terms During

question 232

Multiple Choice

If GDP declined by 6 percent in real terms during one year,and population declined by 3 percent,then

• A)real GDP per capita decreased.
• B)real GDP per capita increased.
• C)real GDP increased while nominal GDP decreased.
• D)nominal GDP did not change at all.
• E)prices went down by 3 percent.

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Definitions:

Total Liabilities

The combined debts and obligations that a company owes to entities outside of the company.

Cash Flow From Operations

The net amount of cash generated by a company's normal business operations.

Accounts Receivable Turnover

A measure of how efficiently a company collects credit sales, calculated by dividing net credit sales by the average accounts receivable.

Sales

The total revenue a company generates from selling goods or services over a specific period.