Brazil's Growth Rate During the 1960's Was 6

question 22

Multiple Choice

Brazil's growth rate during the 1960's was 6.0% when poverty weights were used to evaluate growth,compared with 8.2% when GNP weights were used to evaluate growth.One can conclude from these numbers that

• A)average income growth was greater for poor households than for rich households.
• B)average income growth was greater for rich households than for poor households.
• C)more and more households were falling below the poverty line.
• D)the size distribution of income was getting worse.

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Definitions:

Income Sharing Ratio

Income sharing ratio refers to the pre-agreed proportion used to distribute profits or losses among partners in a partnership according to their partnership agreement.

Partners' Equity

The total amount of capital contributed by partners plus their accumulated profits retained in the business.

Capital Account Balances

The financial records that show the equity ownership and investment contributions of partners or shareholders in a business.

Book Value

The net value of a company's assets minus its liabilities and intangible assets, as shown in the financial statements.