Nominal GDP uses current year prices to measure GDP
Indicate whether the statement is true or false
TRUE
Economics
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The basic truth that underlies the study of economics is the fact that we all face:
A. Death B. Taxes C. Risk D. Scarcity
Economics
Currency (paper money plus coins) constitutes about:
A. 24 percent of the U.S. M1 money supply. B. 45 percent of the U.S. M1 money supply. C. 51 percent of the U.S. M1 money supply. D. 55 percent of the U.S. M1 money supply.
Economics