Which Approximate Date Listed Below Is Clearly Incorrect

question 17

Multiple Choice

Which approximate date listed below is clearly incorrect:

• A) 1 m.y.a. - Homo erectus leaves Africa
• B) 150,000 y. a. - modern humans originate
• C) 35,000 y.a. - first evidence of art
• D) Agricultural Revolution - 25,000 y.a.
• E) last Ice Age - 12,000 y.a.

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Definitions:

Real Income

Income of individuals or nations adjusted for inflation, reflecting the actual purchasing power.

Velocity of Money

The rate at which money is exchanged from one transaction to another and used to purchase goods and services, reflecting the economy's activity level.

Nominal GDP

A measure of a country's economic output based on current prices, without adjusting for inflation.

Equation of Exchange

The equation of exchange is an economic formula relating the supply of money in an economy to the velocity of money, price level, and an index of expenditures.