Chapter 5: Money, GDP, Unemployment

The Lydian, who lived in what is now western Turkey, ​ made the first coins during the ​ (a)  

• 600s B.C.
• 800s A.D
• 2500 B.C.

The Chinese also begun using paper banknotes printed on paper made from ​ (a)   in the A.D. 800s.

• mulberry bark
• gold and silver
• piece of eight
• cowrie shell

The American colonists used Spanish silver dollar coins called "​ (a)   " each coin was divided into eight pieces so thet it could be broken to make change.

• Pieces of Eight
• gold and silver
• cowrie shell
• mulberry bark

What money has been used throughout Asia, Africa and Ociana?​ (a)  

• Cowrie Shell
• gold and silver
• mulberry bark
• pieces of Eight

Which of the following best describes “money”?

• Medium of exchange

• Medium of instruction

•   Medium of sports

• Medium of people

What does GDP stand for?

           

• Gloss Domestic Product 

• Gross Dome Product  

• Gross Domestic Pro

• Gross Domestic Product

    What does NDP stand for?

                      

• New Domestic product   

• North Domestic Product            

• Net Domestic Product

• Net Dome Product

Which of these statements is TRUE about money?

• Medium of exchange 

• Unit of accounting    

• Store of value

• all of these.

1.     This is the total money value of all final goods and services produced in the nation in one year.

a.     GDP                            b. NDP                              c. GNP              d. CPI

• NDP

• GDP

• Inflation

• CPI

  It is a temporary unemployment between jobs because of firings, layoffs or retraining.

• Cyclical  

• Frictional 

• Seasonal

• Structural