Which of the Following Statements Concerning Income Distribution Among Nations

question 104

Multiple Choice

Which of the following statements concerning income distribution among nations is true?

• A)A country with unequal distribution of income has a high standard of living.
• B)The richest countries have only 10 percent of the world's population but receive 80 percent of total world income.
• C)The distribution of total world income among nations is equal.
• D)One-quarter of the world's population lives in the developing countries.
• E)Per capita income between countries is generally the same.

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Definitions:

Cash Balance

The amount of cash held by a business at any point in time, reflecting its immediate liquidity position.

Ratio

A ratio is a quantitative relationship between two numbers, showing how many times the first number contains the second or how the two numbers compare.

Bank Reconciliation

The method of aligning the figures in a company's bookkeeping records for a cash account with the equivalent data on a bank statement.

NSF Check

Non-Sufficient Funds Check, a bank check that cannot be honored because the account on which it is drawn does not have enough funds.