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Regulatory Guidelines and Robo-Advice in Financial Firms
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Regulatory Guidelines and Robo-Advice in Financial Firms

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Questions and Answers

What was the annual rate of inflation for the 12-month period from November 2021 to November 2022?

  • 14.8%
  • 12.4%
  • 5.2%
  • 9.4% (correct)

    • Which measure is commonly used to determine a country's output?

  • Total income received by individuals
  • Individuals' total expenditure on firms' output
  • Total income paid by firms to individuals
  • Value of total output generated by firms (correct)

    • What is the circular flow of income in an economy based on?

  • Both individuals and firms (correct)
  • Government and individuals
  • Firms only
  • Individuals only

    • How can economic activity be measured?

    <p>By the value of total output generated by firms</p> Signup and view all the answers

    What does GDP stand for?

    <p>Gross Domestic Product</p> Signup and view all the answers

    What is the primary source of productive resources for firms in an economy?

    <p>'Individuals'</p> Signup and view all the answers

    In the context of economic statistics, what does CPI refer to?

    <p>Consumer Price Index</p> Signup and view all the answers

    'Individuals use their income to buy the entire output produced by firms' is an example of:

    <p>'Circular flow of income'</p> Signup and view all the answers

    What does the rise in CPI from November 2021 to November 2022 indicate?

    <p>Rise in prices</p> Signup and view all the answers

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