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Mobile App Problem 10
What components of money do we count as part of M1?
Problem 11
What components of money do we count in M2?
Problem 12
Why do we call a bank a financial intermediary?
Problem 12
What are the main components of measuring GDP with what is produced?
Problem 13
Would you usually expect GDP as measured by what is demanded to be greater than GDP measured by what is supplied, or the reverse?
Problem 13
What does a balance sheet show?
Problem 14
What are a bank's assets? What are its liabilities?
Problem 14
Why must you avoid double counting when measuring GDP?
Problem 15
What is the difference between a series of economic data over time measured in nominal terms versus the same data series over time measured in real terms?
Problem 15
How do you calculate a bank's net worth?
