Which of the Following Statements Is Not Correct

question 12

Multiple Choice

Which of the following statements is not correct?

• A)​Economic growth is best measured by the annual percentage change in nominal GDP per capita.
• B)​An economy producing along the production possibilities curve is operating at its potential output.
• C)​Economic growth is a crucial determinant of people's well-being.
• D)​If the quality of labor improves, an economy's production possibilities curve will shift outward.

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Definitions:

Chief Financial Officer

A senior executive responsible for managing the financial actions of a company, including financial planning, risk management, and financial reporting.

Fortune 500

An annual list published by Fortune magazine that ranks 500 of the largest United States corporations by total revenue.

Corrective Steps

This term refers to actions taken to fix problems, address failures, or correct mistakes in a process, plan, or operation.

Exact Opposite

Something that is completely different in every way from something else.