A Research Assistant Is Preparing a Graph Showing Personal Income

question 158

Multiple Choice

A research assistant is preparing a graph showing personal income and happiness in industrialized nations from the 1940s through the 1990s. How should the graph look

• A)The line depicting personal income should be positively sloped.The line depicting happiness should be negatively sloped.
• B)The line depicting personal income should be positively sloped.The line depicting happiness should be more or less horizontal.
• C)The line depicting personal income should be positively sloped.The line depicting happiness should also be positively sloped, but slightly less steeply.
• D)The line depicting personal income should be more or less horizontal.The line depicting happiness should be negatively sloped.

---

Definitions:

Carry

In finance, it refers to the profit or loss from holding an investment over a period of time, not including its price changes.

AUM

Assets Under Management, which refers to the total market value of the investments that a person or entity manages on behalf of clients.

Hedge Fund Fees

The charges that hedge funds impose on their investors, typically comprising a management fee and a performance fee.

Carry

In finance, the cost or benefit associated with holding a financial position, such as the interest expense on borrowed funds or the yield earned on deposits.