In 2009,per Capita Real Gross Domestic Product (GDP)in Croatia Was

question 105

Multiple Choice

In 2009,per capita real gross domestic product (GDP) in Croatia was $10,059.68.By 2010,it had increased to $10,257.71.At what rate did Croatia's economy grow in that time?

• A) 1.97%
• B) 1.93%
• C) 2.08%
• D) 4.54%
• E) 3.33%

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Definitions:

Payback Period

The amount of time it takes for an investment to generate enough cash flow to recover its initial cost.

Accounting Rate of Return

A method used to determine the profitability of an investment, calculated by dividing the average annual accounting profit by the initial investment cost.

Straight-Line Depreciation

A methodology for dispensing the cost of a durable asset over its useful period in uniform annual allocations.

Accounting Rate of Return

A financial metric used to measure the profitability of an investment, calculated by dividing the average annual profit by the initial investment cost.