Which Among the Following Countries Had the Highest GDP Per

question 51

Multiple Choice

Which among the following countries had the highest GDP per person in 2011?

• A) Mexico
• B) India
• C) Russia
• D) China

---

Definitions:

Cost Of Goods Sold

Costs directly connected to the production of a company's sold merchandise.

Cost Of Goods Purchased

The total expense incurred to buy goods over a period, including transportation and handling, not yet necessarily sold.

Net Purchases

Net purchases refer to the total cost of purchases after adjusting for returns, allowances, and discounts over a specific period.

Cost Of Goods Available For Sale

The total cost of inventory available to be sold during a given period, including both beginning inventory and purchases made.