Which of the Following Statements Is FALSE

question 138

Multiple Choice

Which of the following statements is FALSE?

• A)The federal budget deficit in 2004 was about 4 percent of the GDP.
• B)A budget deficit of $25 billion in a given year increases the public debt by $25 billion.
• C)The public debt of $25 billion is the accumulated debt of all U.S. individuals, firms, and institutions.
• D)During the past five years, the U.S. public debt has been increasing.

Analyze and compute the real rate of return on an investment, accounting for inflation.

Understand and calculate equivalent annually compounded returns.

Determine economic equivalence in different financial scenarios.

Interpret the impact of compounded interest rates on investment growth over time.

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Definitions:

Steals Bicycle

The act of unlawfully taking someone else's bicycle without permission with the intent to permanently deprive the owner of it.

FOB (Free On Board)

A term used in shipping agreements to indicate that the seller is responsible for goods until they are loaded on a transport vessel, after which the buyer assumes responsibility.

Delivery Ex-Ship

Delivery Ex-Ship (DES) is a term used in international trade that indicates the seller is responsible for delivering the goods to a designated port and the buyer is responsible for unloading.

Risk Of Loss

A legal principle determining who bears the financial burden if goods are damaged, destroyed, or lost during a transaction.