Which of the Following Factors Contribute to Economic Growth

question 30

Multiple Choice

Which of the following factors contribute to economic growth?

• A)​the construction of new factories
• B)​an increase in the proportion of the population that is college-educated
• C)​a decrease in the productivity of labor
• D)​only (a) and (b).

Understand the principles of fair value accounting and its application to investment valuation.

Calculate and interpret the dividend yield on common stock.

Identify the contents and exclusions of management's discussion and analysis in annual reports.

Recognize how and where different types of financial statement items, such as losses on disposal and changes in accounting methods, are reported.

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Definitions:

Average Variable Cost

Average variable cost is the total variable cost divided by the quantity of output produced, indicating the variable cost of producing each unit of output.

Fixed Cost

Costs that do not change with the level of output or sales, such as rent, salaries, and loan payments.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.

Net Profit

The actual profit after working expenses not included in the calculation of gross profit have been paid.