• Personal financial planning involves the management of personal financial risks through a cost benefit analysis.

A. True B. False

• The Gross Domestic Product (GDP) is the market value of all goods and services produced within a country over a specific time period, usually 5 years.

A. True B. False

• GDP refers to the gross earnings of American workers during a year.

A. True B. False

• GNP refers to the gross earnings of American workers during a year.

A. True B. False

• Taxation, expenditures, and debt management of the federal government is called monetary policy.

A. True B. False

• Taxation, expenditures, and debt management of the federal government is called fiscal policy.

A. True B. False