Complete the Following Using the Terms Listed

question 31

Multiple Choice

Complete the following using the terms listed.
-The study of small economic units,such as individual consumers,families,and businesses,is called _____.

• A)Consumer Price Index (CPI)
• B)Inflation
• C)Gross domestic product (GDP)
• D)fiscal policy
• E)monetary policy
• F)equilibrium price
• G)budget deficit
• H)Pure competition
• I)supply
• J)Demand
• K)Productivity
• L)recession
• M)microeconomics
• N)oligopoly
• O)monopoly

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Definitions:

Comparative Income Statement

A financial statement that presents the revenues, expenses, and net income for multiple periods to facilitate analysis over time.

Net Change

The difference in a financial instrument's closing price from one period to the next, indicating its performance within that period.

Net Income

The total profit remaining after all expenses, taxes, and deductions have been subtracted from total revenues.

Owners' Equity

The residual interest in the assets of a company after deducting its liabilities, representing the ownership's share of the company assets.