Which of the Following Can Be Measured by the Level

question 36

Multiple Choice

Which of the following can be measured by the level of real GDP per person?

• A)productivity and the standard of living
• B)productivity but not the standard of living
• C)the standard of living but not productivity
• D)neither the standard of living nor productivity

---

Definitions:

Posting

The process of recording financial transactions in the accounting books, such as a ledger or journal.

Source Documents

Original records that contain the details necessary to support the transactions entered in an accounting system, such as invoices, receipts, or contracts.

Ledger

A ledger is a comprehensive collection of a company's financial transactions, organized by account, during an accounting period.

Journalized

The process of recording financial transactions in a journal or the book of original entry.