Which of the Following Is True

question 119

Multiple Choice

Which of the following is true?

• A)Kremer argued that with greater population,society would generate more ideas so that growth of real GDP per person could continue.Malthus argued that increasing population would outstrip agricultural production.
• B)Kremer argued that increases in population would reduce the amount of human and physical capital per worker so that eventually the standard of living would decline.Malthus argued that increases in technology would allow increased output growth so that even with population growth,society would enjoy a higher standard of living.
• C)Malthus argued that with greater population,society would generate more ideas so that growth of real GDP per person could continue.Kremer argued that increasing population would outstrip agricultural production.
• D)Malthus argued that increases in population would reduce the amount of human and physical capital per worker so that eventually the standard of living would decline.Kremer argued that increases in technology would allow increased output growth so that even with population growth,society would enjoy a higher standard of living.

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Definitions:

Bargain Purchase Option

An option in a lease agreement that allows the lessee to purchase the leased asset at a price significantly below its fair market value.

Capital Lease

A lease agreement that is classified as a purchase by the lessee for accounting purposes because it meets certain criteria, such as transfer of ownership by the end of the lease term.

Operating Lease

A lease agreement for property or equipment that is considered a rental and is not recorded as an asset on the company's balance sheet.

GAAP

Generally Accepted Accounting Principles, a collection of commonly followed accounting rules and standards for financial reporting in the United States.