Assume the Real U

question 95

Multiple Choice

Assume the real U.S.GDP in 1998 was $7,552 billion and the U.S.population was 270 million,and the real U.S.GDP in 2000 was $10 trillion and the U.S.population was 280 million.From 1998 to 2000,the per capita real GDP

• A)Increased.
• B)Decreased.
• C)Remained unchanged.
• D)Increased then decreased.

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Definitions:

Individual Retirement Account

A retirement savings plan that offers tax advantages for individuals to allocate funds for their retirement.

Invest

To allocate money in the expectation of some benefit in the future.

Investment Plan

A strategy developed by individuals or financial advisors to allocate assets with the goal to meet future financial goals.

Expense

Costs or charges incurred in the operation of a business or the execution of a transaction.