80.(1)

One of the functions of money is to serve as a:

store of value.

valuation tool.

equality enhancer.

All of these are functions of money.

81

How can we use the information from the table shown to compare the real value of the 1979 salary to that of the one earned in 2009?

You can see that the salary has increased from $43,265 to $170,844.

You need to put the 2009 salary into real 2009 terms to compare it to 1979.

You need to put both salaries into real dollars in the same year for comparison.

There is no real way to compare the two.

82.(1)

GDP is most often discussed using _______ figures, although it is typically calculated _______.

annual; quarterly

annual; monthly

quarterly; monthly

quarterly; annually

83(1)

The market value of a good or service is:

the price at which it is bought and sold.

the government's valuation using the CPI.

the price at which producers are willing to sell an output.

None of these statements is true.

84.(1)

According to the circular flow model, expenditures by one person translate:

directly into income for someone else.

indirectly into the value of that person's time.

directly into his or her income.

indirectly into the household's budget.

85.(1)

We can measure total production by:

adding up what people spend on final goods and services.

adding up everyone's asset wealth.

comparing cost of inputs to final sale price.

None of these statements is true.

\f