If Real GDP in a Small Country in 2015 Is

question 166

Multiple Choice

If real GDP in a small country in 2015 is $8 billion and real GDP in the same country in 2016 is $8.3 billion,the growth rate of real GDP between 2015 and 2016

• A)is 3.0%.
• B)is 3.6%.
• C)is 3.75%.
• D)cannot be determined from the information given.

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Definitions:

Current Liabilities

Financial duties that must be paid off within a year or the standard operational cycle.

Accounts Receivable Turnover

A financial metric indicating how many times a company's receivables are converted to cash in a given period.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered on credit.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, reflecting the efficiency of inventory management.