Which of the following is an indication of national economic growth, shown by measuring aggregate output?
A) Gross domestic product
B) Standard of living
C) Economic indicators
D) Gross national product
E) Real growth rate
Answer: A
Explanation: A) Gross domestic product (GDP) refers to the total value of all goods and services produced within a given period by a national economy through domestic factors of production.
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A carefully developed financial plan should provide for saving a portion of ____________ for deferred, future spending. ?
A. retirement funds B. investment funds C. current income D. future income E. tangible assets
The greater the number of compounding periods within a year, then (1) the greater the future value of a lump sum investment at Time 0 and (2) the greater the present value of a given lump sum to be received at some future date.
Answer the following statement true (T) or false (F)
What technological advancement created for mobile devices has unleashed a new era of pricing transparency for consumers?
A. GPS systems B. SIM cards C. text messaging D. wireless apps E. mobile banking
The acronym SCORE stands for:
a. Standard Computer Operations for Retired Employees b. Service Corps of Retired Employees c. Standard Card Options for Retirees d. Small Central Operating Retired Executives e. Service Corps of Retired Executives