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Author Question: Money is A) anything backed by gold. B) any durable good. C) whatever people use as a general ... (Read 85 times)

ARLKQ

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on: Jun 29, 2018
Money is
 
  A) anything backed by gold.
  B) any durable good.
  C) whatever people use as a general medium of exchange.
  D) something intentionally created by farsighted people.

Question 2

Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are given in the table above. The base year is 2012. Nominal GDP in 2012 is equal to
 
  A) 500.
  B) 625.
  C) 640.
  D) 800.
  E) 100.


guyanai

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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