About 51 Percent of New Businesses Fail Within Five Years

question 62

True/False

About 51 percent of new businesses fail within five years.

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Definitions:

High Inflation

A condition where the general price levels of goods and services rise rapidly over a period, eroding purchasing power.

Money Supply

The complete collection of economic resources in money form available at a distinct period within an economy, which includes cash—both coins and notes—and amounts held in banking accounts for checking and savings.

Potential Output Level

The highest level of real gross domestic product (GDP) that can be sustained over the long term without increasing the rate of inflation.

Identity

The distinct characteristics, personality, or qualities that make an individual or group unique.