The style of fundamental security analysis progresses from the economy/market to the industry and then to specific companies. vertical none of the answers is correct horizontal oooo bottom-up top-down is a basic measure of the economy and is defined as the market value of final goods and services produced by an economy for some time period (typically a year). Current account (CA) Balance of payments (BOP) none of the answers is correct Gross Domestic Product (GDP) Gross National Product (GNP) Market P/E ratios are generally high when interest rates and inflation are low high booming none of the answers is correct stagnant