The Information for 2008 in Millions in the Table Below

question 12

Multiple Choice

The information for 2008 in millions in the table below was reported by the World Bank.On the basis of this information,which list below contains the correct ordering of real GDP per person from highest to lowest?

• A)Japan,Germany,United States
• B)Japan,United States,Germany
• C)Germany,United States,Japan
• D)United States,Japan,Germany

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Definitions:

Work in Process

Inventory consisting of items still in the production process, not yet completed but having incurred some direct material, labor, or overhead costs.

Manufacturing Overhead

These are all the indirect costs associated with the production process, excluding direct materials and direct labor.

Cost of Goods Sold

The immediate expenses linked to the manufacturing of a company's sold products, covering the cost of materials and labor directly engaged in the product's creation.

Work in Process

Stock consisting of materials that are in the process of being transformed into final products but have not reached completion.