Since World War II the U.S. ________

question 53

Multiple Choice

Since World War II the U.S. ________.

• A) has seen a substantial increase in the inflation rate
• B) has seen less frequent periods of deflation
• C) has seen real GDP grow as fast, on average, as in the pre-war period
• D) all of the above
• E) none of the above

---

Definitions:

Present Value

The present worth of a future amount of money or series of cash flows, considering a certain interest rate.

Future Lease Payments

The amounts due over the lease term for the use of an asset.

Salvage Value

The estimated value that an asset will realize upon its sale at the end of its useful life.

Captive Finance Company

A subsidiary whose primary purpose is to provide financing to customers buying the parent company's product, facilitating purchases and increasing sales.