When Your Assets Exceed Your Liabilities, You

question 31

Multiple Choice

When your assets exceed your liabilities, you:

• A)are losing equity.
• B)have negative net worth.
• C)are solvent.
• D)are bankrupt.
• E)have more real assets than investments.

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Definitions:

Unemployment Rate

The percentage of the labor force that is jobless and actively looking for work.

Liberals

Individuals or groups who advocate for freedom in economic policies, personal choices, and a minimal role for government in personal affairs.

Unemployment Rate

The ratio of the labor force that finds itself without employment but are in the hunt for work.

Recession

A period of significant decline in economic activity across the economy, lasting more than a few months, typically visible in GDP, income, employment, and trade.