Which of the Following Is Correct

question 50

Multiple Choice

Which of the following is correct?

• A)Countries with the highest growth rates over the last 120 years are the ones that had the highest level of real GDP 120 years ago.
• B)Most countries have had little fluctuation around their average growth rates during the past 120 years.
• C)The ranking of countries by income changes little over time.
• D)Even though Japan had a higher growth rate of real GDP per person than the U.S.over the last 120 years,it's level of real GDP per person is less than that of the U.S.

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Definitions:

Carrying Amount

The net value of an asset or liability according to a company's balance sheet, also known as book value.