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Could someone provide the answer to the following 5 questions? 1.M1 is considered ________ measure of money compared to M2. a. a less legitimate b.

Could someone provide the answer to the following 5 questions?

1.M1 is considered ________ measure of money compared to M2.

a. a less legitimate

b. just as legitimate a

c. a more legitimate

d. Neither of these is a particularly good measure of money.

2.Making a loan is generally:

a. less risky and less potentially rewarding than buying stock.

b. less risky and more potentially rewarding than buying stock.

c. more risky and less potentially rewarding than buying stock.

d. more risky and more potentially rewarding than buying stock.

3.Apple has been producing the new iPhone throughout 2020, but doesn't plan to sell it until March 2021. How are these iPhones, which are sitting in a warehouse somewhere in Canada, affecting GDP?

a. They are considered inventory until they sell, 2020 investment will fall each time one is sold in 2021.

b. They are considered inventory until they sell, so investment will fall each time one is sold in 2021.

c. They will increase GDP only in the year they are sold, 2021.

d. They are inventory and will increase investment in 2021.

4.If the government increased its spending by $100, and the GDP increased $400 as a result, the MPC must be:

a. 4.

b. 2.

c. 0.75

d. 0.70

5.GDP uses the market value of goods and services because:

a.it is the only data that can be gathered about wages.

b.it provides a common valuation that allows us to compare one economy to another.

c.it provides the opportunity to compare lists of outputs to see who produced more.

d. it is the only data that can be gathered about goods and services.

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