If You Create a Will,​

question 32

Multiple Choice

If you create a will,​

• A)probate is avoided.
• B)the will is irrevocable once created.
• C)the will reduces or eliminates estate taxes.
• D)none of the above

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Definitions:

GDP

Gross Domestic Product, a measure of the economic output of a country, expressing the total value of all goods and services produced over a specific time period.

Consumption

Household consumption of products and services.

Investment

The allocation of resources, usually money, in expectation of a future benefit such as profit or interest.

Gross Domestic Product

The total market value of all final goods and services produced within a country in a given period, used as a broad measure of a nation's overall economic activity.