Botswana's Rapid Growth Can Be Explained by

question 64

Multiple Choice

Botswana's rapid growth can be explained by

• A) protection of private property and avoiding political instability.
• B) investment in human capital from 1960 through 2009.
• C) the movement of workers from the agricultural sector to the manufacturing sector.
• D) an increase in labor force participation.

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Definitions:

Consolidated Net Income

The total profit of a corporation and its subsidiaries after taxes, interest, depreciation, and other expenses have been deducted, reflecting the overall earnings of the conglomerate.

Parent

A company that controls or owns more than half of another company's stock, thereby having control over its subsidiary.

Subsidiary

A company controlled by another company, referred to as the parent company, through ownership of more than half of its voting stock.

Impairment

The reduction in the recoverable value of a fixed asset or goodwill below its book value on the balance sheet, often leading to an expense in the income statement.