The United States has one of the highest gross domestic products (GDP) in the world at $18.5 trillion. In comparison, the small country of Luxembourg has a GDP of $58 billion. Despite its lower GDP, Luxembourg has one of the highest GDP per capita at over $101,500. In contrast, U.S. GDP per capita is $56,430. This likely means which of the following?
A. Individuals in the United States are more likely to earn higher incomes than individual consumers in Luxembourg.
B. The standard of living in the United States far surpasses the standard of living in Luxembourg.
C. Individual consumers in Luxembourg have higher outputs in terms of goods and services than individuals in the United States.
D. Luxembourg has a higher market value in total output in terms of good and services than the United States.
E. Individual consumers in the United States have higher outputs in terms of goods and services than individuals in Luxembourg.
Answer: C
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The balanced scorecard model differs from project selection models by reviewing projects during several consecutive short periods of time.
Answer the following statement true (T) or false (F)
Higher volume processes are more likely to be encountered in the back office
Indicate whether the statement is true or false