Which of the Following Is True of Favelas

question 79

Multiple Choice

Which of the following is true of favelas?

• A) They tend to be located at the center of primate cities.
• B) Their residents make no efforts to improve their communities.
• C) They are welcomed by the wealthy residents of cities.
• D) They can become centers of arts, crafts, and music.

Understand the definition and components of Gross Domestic Product (GDP).

Distinguish between nominal GDP and real GDP, including adjustments for inflation.

Comprehend the implications of changes in GDP and real GDP on the economy.

Recognize the factors excluded from GDP calculation.

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Definitions:

Deposits

Funds placed into an account at a financial institution for safekeeping and to earn interest.

Excess Reserves

Excess reserves are the funds that banks hold over and above the required minimum reserves mandated by central banking regulations, often stored in central banks.

Treasury Bonds

Long-term government securities issued by the U.S. Department of the Treasury. They carry a fixed interest rate and have maturities ranging from 20 to 30 years.

Money Supply

The comprehensive sum of all available financial assets within an economy at a particular time, including cash, coins, and account balances in checking and savings.