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The table below shows the full-employment budget deficit as a percentage of GDP over a five-year period. Refer to the above information. In which year was fiscal policy expansionary?
Market Return
The overall return generated by the stock market or a specific segment of the market, over a given period.
Residual
The amount remaining after the major part or parts have been accounted for; in finance, often refers to the remainder left after specific calculations, such as dividends from a corporation after major expenses are paid.
Market Index
A measurement of the performance of a specific "basket" of stocks considered to represent a particular market or sector.
Standard Deviation
A statistical measure of the dispersion or variability of a set of data points or investment returns.
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