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An Entrepreneur Is a Person Who Forms and Operates a Business

question 48

True/False

An entrepreneur is a person who forms and operates a business.


Definitions:

Government Budget Deficit

The financial situation that occurs when a government spends more money than it receives in revenue over a given fiscal period.

Interest Rate

The number of dollars earned per dollar invested per period.

Real Rate

The rate of interest an investor expects to receive after allowing for inflation, reflecting the true cost of borrowing and the true yield on investments.

Nominal Rate

The rate of interest quoted on loans and investments, without taking into account the compounding of interest within a year or the effects of inflation.

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