Refer to the scenario above. The real GDP of the country in Year 2 was ________

A) $32,000,000 B) $1,420,000 C) $240,000 D) $1,680,000

D

Economics

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On a balance sheet, stockholder's equity is equal to

A) assets minus liabilities. B) long-term liabilities minus current liabilities. C) total assets minus goodwill. D) the total value of outstanding shares of stock.

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An important characteristic of the modern payments system has been the rapidly increasing use of

A) checks and decreasing use of currency. B) electronic fund transfers. C) commodity monies. D) fiat money.

Economics