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Consider GDP Calculated as Expenditures

question 93

Multiple Choice

Consider GDP calculated as expenditures. GDP would increase if


Definitions:

Price Sensitivity

A measure of how the price of a product or service affects the demand for that product or service.

Par Value Bond

A bond that is selling for its original face value, as opposed to above (a premium) or below (a discount).

Modified Duration

A measure of the sensitivity of a bond's price to changes in interest rates, indicating the price change in percentage terms for a yield move of one percent.

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