Which of the Following Statements Is Correct

question 2

Multiple Choice

Which of the following statements is correct?

• A)In 1870,real income per person was higher in the United States than in any other country at that time.
• B)Over about the last 100 years India experienced significantly higher growth of real income per person than did the United States.
• C)Over about the last 100 years the United States experienced significantly higher growth of real income per person than did Japan.
• D)None of the above are correct.

---

Definitions:

Reacquired

Refers to assets or shares that a company buys back from investors or shareholders.

Common Stock

A type of equity security that represents ownership in a corporation, with holders typically having voting rights.

Earnings Per Share

A measure of a company's profitability calculated by dividing its net income by the total number of outstanding shares.

Cumulative Preferred Stock

A type of preferred stock that entitles its holders to receive dividends in arrears before any dividends can be distributed to common stockholders, with missed dividends accumulating.