In 2012,global Profits for McDonald's Increased by 6

question 230

Multiple Choice

In 2012,global profits for McDonald's increased by 6.3 percent when measured in local currencies,but fell by 0.7 percent when measured in dollars.The reason for this discrepancy is the value of the

• A)euro decreased relative to the British pound.
• B)British pound increased relative to the U.S.dollar.
• C)U.S.dollar increased relative to most other currencies.
• D)U.S.dollar decreased relative to the Japanese yen.

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Definitions:

Input

The resources, materials, or energy used in the production process to generate output.

Factors Of Production

The inputs used in the creation of goods or services in order to make an economic profit, including land, labor, capital, and entrepreneurship.

Input

Resources used in the production of goods and services.

Output

The total amount of goods or services produced by an individual or entity in a given period.