If Real Output in an Economy Is 1,000 Units of Goods

question 58

Multiple Choice

If real output in an economy is 1,000 units of goods per year, the money supply is €300, and each euro is spent 3 times per year, then the average price of goods is

• A) €0.90 per unit.
• B) €1.11 per unit.
• C) €1.50 per unit.
• D) €1.33 per unit.

---

Definitions:

Market Signals

Indicators or signs that provide information to investors and traders about the future price movements of securities or market trends.

Overfishing

The depletion of the population of fish in a body of water due to excessive fishing, which can lead to ecological imbalance.

Regulators

Authorities or bodies that control or supervise particular industries or areas of activity within an economy to ensure compliance with laws and regulations.

Fishing Season

A specified period during the year when fishing is allowed, often regulated to promote sustainable fish populations and ecosystems.