Prior to Applying for a Loan Through an Approved Small

question 81

True/False

Prior to applying for a loan through an approved Small Business Administration lender, you must establish the form of business ownership.

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, which provides a more accurate depiction of an economy's size and how it's growing over time.

Inflation

An across-the-board inflation in prices resulting in a diminished capacity of money to purchase goods and services.

Per Capita GDP

Gross Domestic Product per person, a measure of a country's economic output that accounts for its population.

Population

The total number of individuals inhabiting a specific area or country.