________ Was the Largest Source of Income for the Elderly

question 11

Multiple Choice

________ was the largest source of income for the elderly in 2004.

• A)Asset income
• B)Pension income
• C)Earnings
• D)OASDI

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Definitions:

Real Output

The total value of all goods and services produced in an economy, adjusted for inflation, reflecting the true productivity of the economy.

Prime Rate

Prime Rate is the interest rate that banks charge their most creditworthy customers.

Real Interest Rate

Nominal interest rate minus inflation rate.

Monetarist

Pertains to an economic theory focusing on the control of the money supply as a tool for managing economic stability and growth.