The Unit of Account

question 130

Multiple Choice

The unit of account

• A) is a type of accounting of how many currency units there are in an economy.
• B) is an accounting of the total units of goods and services produced in an economy.
• C) is an agreed measure for stating the prices of goods and services in an economy.
• D) is a type of value stored within all assets.

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Definitions:

Goods and Services

The outputs offered by businesses or the economy at large, including tangible products (goods) and intangible offerings (services).

Double Government

A theory suggesting that national security policy is predominantly shaped and executed by a network of insulated managerial agencies, overshadowing traditional democratic institutions.

Bureaucrats

Government officials and workers who run the day-to-day business of government, often associated with the administrative aspects of governance.

Political Control

The exertion of influence or authority over political activities, systems, or entities to guide their operation and objectives.