Table 21-2 -Refer to Table 21-2. Using the Table Above, What Is

question 88

Multiple Choice

Table 21-2

-Refer to Table 21-2. Using the table above, what is the approximate growth rate of real GDP from 2012 to 2013?

• A) -2%
• B) -1%
• C) 1%
• D) 2%

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Definitions:

Limited Partnership

A partnership structure where at least one partner has unlimited liability, and at least one partner has limited liability.

Personal Liability

The responsibility of an individual to bear the financial costs associated with damages or debt from their actions or business dealings.

Sole Proprietorship

A business owned and operated by one person, who is solely responsible for its liabilities and entitled to its profits.

Legal Entity

An organization or system that has its own legal identity, allowing it to own property, enter into contracts, and be sued or sue.