The Comparison Universe Is

question 62

Multiple Choice

The comparison universe is

• A)a concept found only in astronomy.
• B)the set of all mutual funds in the world.
• C)the set of all mutual funds in the U.S.
• D)a set of mutual funds with similar risk characteristics to your mutual fund.
• E)None of the options

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Definitions:

Capital Formation

The creation of capital goods, which are used to produce other goods and services. It is a measure of economic growth and development.

Trade Deficit

The situation when a country imports more than it exports.

Economic Dependency

The condition of relying heavily on another economy for support, goods, services, or financial aid.

Income Distribution

How a nation’s total GDP is distributed amongst its population, affecting economic inequality.