Examlex

Solved

If Real GDP in 2012 Using 2011 Prices Is Lower

question 29

Multiple Choice

If real GDP in 2012 using 2011 prices is lower than nominal GDP of 2012,then


Definitions:

Dividends

Payments made by a corporation to its shareholder members, usually in the form of cash or stock, representing a share of the corporate profits.

Retained Earnings Account

An equity account on the balance sheet that represents the accumulated net income of a company that has not been distributed to shareholders as dividends.

Net Income

The amount of profit remaining after all expenses, taxes, and costs have been subtracted from total revenue.

Dividends Declared

Profit distributed to shareholders that the company's board of directors has committed to pay out.

Related Questions