Real GDP Per Person Increased from $40 to $50 Between

question 246

Multiple Choice

Real GDP per person increased from $40 to $50 between 2014 and 2015. The annual percentage change in real GDP per person is ________ percent.

• A) 10
• B) 20
• C) 15
• D) 25
• E) 50

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Definitions:

Equity Method

An accounting technique used by companies to record their investments in other companies, where the investment is recorded at original cost and adjusted for the investor's share of the investee's net income or loss.

Voting Shares

Shares of a company's stock that grant the shareholder the right to vote on corporate matters and decisions at shareholder meetings.

Issue of Shares

The process by which a company allocates new shares to shareholders, which can raise capital or dilute ownership depending on the circumstances.

Gain or Loss

The financial result from the sale of an asset or investment, calculated as the difference between the selling price and the original purchase price.