Free CTFA Exam Braindumps (page: 9)

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The phase of the economic cycle when levels of employment and production are low and economic growth is at a virtual standstill or even negative is called:

  1. Growth
  2. Expansion
  3. Recession
  4. Depression

Answer(s): D



Gross domestic product is:

  1. The total of all goods and services produced in a country used to monitor economic growth
  2. The half of all goods and services produced in a country used to monitor economic growth
  3. The division of all goods and services produced in a country used to monitor economic growth
  4. None of the above

Answer(s): A



It is a measure of inflation based on changes in consumer goods and services:

  1. Consumer price Index
  2. Customer price Index
  3. Market rate Index
  4. Market value

Answer(s): A



Inflation is a vital concern to financial planning. It affects not only what we pay for our good s and services but also what we earn in our jobs. The amount of goods and services each dollar buys at a given time is:

  1. Purchasing power
  2. Seller's demand
  3. Market value
  4. Sales purchase difference

Answer(s): A






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