Question

Which group of variables is measured in money terms?

Options

• Goods, services and barter difficulties only

• Wage, rent, interest, profit and pensions only

• GNP, total savings, total investment, taxes and budgets

• Cheques, drafts and bills of exchange only

Answer 1

Variables like GNP, total savings, total investment, taxes and budgets are measured in money terms. This is part of Liquidity and Macroeconomic Measurement.