The Level of U.S. Exports Depends Directly on

question 46

Multiple Choice

The level of U.S. exports depends directly on

• A) the level of income in the United States.
• B) the size of the spending multiplier in other countries.
• C) the size of the spending multiplier in the United States.
• D) the level of income in other countries.

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Definitions:

Excess Return

Excess Return is the return on an investment above the return of a benchmark index or risk-free rate of return.

Asset Classes

Broad categories of investments with similar characteristics and market behaviors, such as equities (stocks), fixed income (bonds), and real estate.

Total Excess Return

The overall return of an investment above the risk-free rate over a specified time period.

Bogey Portfolio

A benchmark used to evaluate a fund's performance by comparing it with a standard point of reference.