Examlex
Given a constant rate of growth of real GDP, what would cause a fall in real GDP per capita?
Assets
Resources owned by a company that have economic value and can be converted into cash.
Liabilities
Financial obligations or debts that a company owes to external parties.
Residual Equity
The amount of equity remaining for shareholders after all liabilities have been deducted from total assets.
Owner's Equity
The assets left over in a business once liabilities are cleared, showing the equity of owners or shareholders.
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