The Reasons Why Per Capita GDP in the U

question 79

Multiple Choice

The reasons why per capita GDP in the U.S. is significantly higher than in some other rich countries like, say, France include the following, except:

• A) U.S. citizens put in substantially more work hours than do citizens of France
• B) Cultural differences between the U.S. and France regarding the right balance between labor and leisure
• C) Differences in the tax structure and the resulting incentive effects of taxes
• D) Differences is the communication technology due to language differences

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Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and profit or loss over a specific period of time.

Cash Basis

An accounting method where revenues and expenses are recognized when cash is received or paid, not when they are incurred.

Accounts Receivable

Receivables from clients for goods delivered or services performed by a company, which have not yet been paid for.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period.