The Population of British Columbia in 1997 Was About 3,959,700

question 116

Multiple Choice

The population of British Columbia in 1997 was about 3,959,700. In 2001, the population was about 4,095,900. What was the average growth rate over that period?

• A) 0.85%
• B) 1.36%
• C) 1.73%
• D) 2.74%

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Definitions:

Profit Margin

A measure of profitability calculated as net income divided by revenue, expressed as a percentage.

Net Fixed Assets

The value of all fixed assets (like property, plant, and equipment) minus any accumulated depreciation.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term and long-term obligations.

External Financing Need

The gap between the funding a firm needs for its operations and investments, and the amount it can generate internally, implying the need to seek external funding.