The Economic Report of the President

question 31

Multiple Choice

The Economic Report of the President

• A)discusses recent developments in the economy and presents analysis of current policy issues.
• B)is written by the Council of Economic Advisers.
• C)is the responsibility of the economists at the Office of Management and Budget.
• D)Both a and b are correct.

---

Definitions:

Cocoa

A powder made from roasted and ground cacao seeds, used in the production of chocolate, as well as in beverages and baking.

Consumption

The process by which goods and services are used up by consumers, reflecting economic activity and individuals' preferences.

Income

Financial gains received from work or investments, usually on a consistent basis.

Demand

The quantity of a good or service consumers are willing and able to purchase at a given price level.