Refer to Figure 18-6. If area X = 2,060, area Y = 240, and area Z= 2,700, calculate the Gini coefficient for Syldavia

As a standard of deferred payment, money can be used to:

a. express debt obligations in the form of purchasing power. b. foster barter activity. c. facilitate exchanges of goods and services. d. achieve a common denominator for measuring the value of goods and services. e. ascertain the liquidity of financial assets.

Which of the following is most important if a country wants to move from a low-income to a high-income status?

a. high rates of monetary growth. b. sustained economic growth. c. high real interest rates. d. high nominal interest rates.