According to Simon Kuznets,which of the Following Is Likely to Induce

question 100

Multiple Choice

According to Simon Kuznets,which of the following is likely to induce economic growth in the automobile industry of a country?

• A)An increase in the amount of labor used in the industry
• B)A government subsidy for automobile production
• C)An increase in the import of spare parts for the engines
• D)An increase in the number of paint bays per factory
• E)The replacement of manual assembly lines with robots

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Definitions:

Note Matures

The point in time when a promissory note, bond, or other financial instrument's principal is due to be paid back.

Financial Statement

A written report which quantitatively describes the financial health of a company; it includes the income statement, balance sheet, statement of cash flows, and statement of retained earnings.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance based on the accounting rules.

Temporary/Permanent

Categories used to distinguish assets, liabilities, and equity items based on their duration in financial statements; temporary items fluctuate regularly while permanent items typically remain constant over time.