The Consumer Confidence Index Is Based on

question 37

Multiple Choice

The Consumer Confidence Index is based on

• A)surveys asking voters how optimistic they are about the future of the economy.
• B)the unemployment rate in each state.
• C)the growth rate of gross domestic product (GDP).
• D)the size of the national debt.

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Definitions:

Cost Method

An accounting method used to value investments where the investment is recorded at purchase cost without recognizing interim income or loss.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee, without control or joint control.

Common Shares

Equity securities that represent ownership in a corporation, providing voting rights and the potential for dividends.

Fair Value Through Profit or Loss

A financial accounting method where changes in fair value of an asset or liability are reflected in the profit or loss as they occur.