Midterm Congressional Elections

question 32

Multiple Choice

Midterm congressional elections

• A) are held when the president dissolves Congress, ending the congressional term.
• B) see all House seats and all Senate seats contested.
• C) are held when the president loses a vote of confidence in the Congress.
• D) Options A, B, and C are true.
• E) None of the above is true.

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Definitions:

Net Investment

The aggregate investment in new capital assets less the depreciation charges on the current capital assets.

Gross Investment

The total amount spent on purchases of new capital and on replacing depreciated capital within an economy during a specific period.

Depreciation

The process by which the value of an asset decreases over time, often due to wear and tear or obsolescence.

Disposable Income

Income available to an individual or household after accounting for taxes and other mandatory charges, available to spend or save.