In 2014,Freedonia Had a Population of 2700 and Real GDP

question 153

Multiple Choice

In 2014,Freedonia had a population of 2700 and real GDP of about $1,080,000.In 2013,it had a population of 2500 and real GDP of about $1,000,000.What was the approximate growth rate of real GDP per person in Freedonia between 2013 and 2014?

• A) 0 percent
• B) 2.5 percent
• C) 5 percent
• D) 7.5 percent

Explain the natural inclination of the human mind towards categorization and its implications.

Understand the historical and cultural views on prejudice and stereotyping.

Identify and explain the concept of outgroup homogeneity bias.

Recognize the existence of stigma and its consequences on social attitudes and behaviors.

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Definitions:

Par Value

The nominal or face value of a stock or bond as assigned by the issuing company, which may bear no relation to its market value.

Preferred Stock Dividend

Cash distributions that are paid to holders of a company's preferred shares at a specified rate and before dividends are paid to common stockholders.

Earnings Per Common Share

A financial metric used to gauge the profitability of a company on a per-share basis, calculated as net income less dividends on preferred stock divided by the average number of common shares outstanding.

Stock Dividend

A payment made by a corporation to its shareholders in the form of additional shares, rather than cash.