Real GDP

question 32

Multiple Choice

Real GDP

• A)moves in the opposite direction as unemployment.
• B)increases as production falls.
• C)falls when households save a smaller fraction of their income.
• D)All of the above are correct.

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated by dividing current assets by current liabilities.

Stock Dividend

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

Uncollectible Receivable

A debt owed to a company that is considered unlikely to be paid by the debtor, classified as a loss.

Working Capital

Current assets minus current liabilities, representing the short-term liquidity and operational efficiency of a business.