To See Whether the Price of Gasoline Has Risen Compared

question 27

Multiple Choice

To see whether the price of gasoline has risen compared to the prices of other goods and services, one would calculate

• A)gasoline spending divided by spending on all other goods and services.
• B)gasoline spending divided by total consumer spending.
• C)the trend in the price of gasoline.
• D)the price of gasoline divided by the overall price level.
• E)the price of gasoline divided by the rate of inflation.

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Entrepreneurship

The process of designing, launching, and running a new business, typically starting as a small business, such as a startup.

Strategic Thinking

The ability to anticipate, envision, maintain flexibility, and work with others to initiate changes that will create a viable future for an organization.

Serial Entrepreneurs

describes individuals who repeatedly start new businesses and take on the risk of being an entrepreneur, moving from one venture to the next.

Entrepreneurship

The process of establishing a company or companies, bearing financial uncertainties with the aspiration for gains.