When the Consumer Confidence Index Is Greater Than 100 Prior

question 85

Multiple Choice

When the Consumer Confidence Index is greater than 100 prior to an election, Americans tend to

• A)vote for third-party presidential candidates.
• B)vote for the incumbent party's presidential candidate.
• C)vote against the incumbent party's presidential candidate.
• D)abstain from voting.

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Definitions:

Nominal NNP

The Gross National Product measured at current market prices, without adjusting for inflation.

Real NNP

Net National Product adjusted for inflation; measures the value of goods and services produced by a country's economy, less the value of goods and services used up in production, adjusted for price changes.

Price Index

A statistical measurement that tracks changes in the price level of a basket of goods and services over time.

Inventories

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.