In the Last Year,the GDP of a Small Country Has

question 315

Multiple Choice

In the last year,the GDP of a small country has risen from $1 billion to $12 billion.From this we can safely say that

• A)output of the economy has increased.
• B)the economy is growing.
• C)the country is richer since GDP has increased.
• D)None of the choices are correct.

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Definitions:

Marketable Equity Securities

Shares of publicly traded companies that can be bought or sold on stock exchanges or other financial markets.

Significant Influence

The capacity to affect the financial and operating policies of another entity without having full control over it, often through significant ownership.

Investor Ownership

A form of equity representing an individual's or entity's ownership stake in a company, as evidenced by stock or similar securities.

Accounting Guidelines

Established principles and standards that govern financial reporting and bookkeeping practices.