A reason that economists keep an eye on both M2 and M1 is because
A) money market accounts are sometimes used like checking accounts and sometimes like savings accounts.
B) during a recession, M1 is meaningless.
C) M2 is more accurate than M1.
D) both fluctuate widely and frequently in total dollar value.
Question 2
The gross domestic product of a small country is 4,150,000 and the size of its employed labor force is 5,000. The income per worker of the country is ________.
A) 620 B) 213 C) 830 D) 445