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Economics Past Questions

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4771

Use the table below to answer this question.

 Gross National Product  $400m
 Depreciation  $100m
 Total Population  25m

The value of per capita income is

  • A. $20.
  • B. $12.
  • C. $16.
  • D. $4.
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4772

One effect of inflation is that

  • A. money's purchasing power will increase.
  • B. the real incomes of workers will rise.
  • C. both borrowers and lenders benefit from it.
  • D. money's purchasing power will fall.
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4773

The function of money that enables credit purchases of goods and services is 

  • A. unit of account.
  • B. store of value
  • C. standard for deferred payment.
  • D. D. relative scarcity.
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4774

Supply of money is best defined as the

  • A. money in circulation plus bank deposits.
  • B. money given out as loans to members of the public.
  • C. amount of currency printed annually by the government.
  • D. amount of money spent on consumer goods
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4775

Capital market operators deal in the 

  • A. supply of and demand for short term loans only.
  • B. supply of and demand for long term loans for investment.
  • C. sales and purchases of treasury bills.
  • D. sales and purchases of capital equipment.
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