The Concern for Accuracy in Time Keeping Became More Prevalent

question 56

Multiple Choice

The concern for accuracy in time keeping became more prevalent due to

• A)factory work schedules.
• B)the availability of clocks and pocket watches.
• C)the faster speed of train travel.
• D)All of these answers are correct.

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Definitions:

GDP

Stands for Gross Domestic Product, which is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

M

The money supply—currency, checking deposits, and check-like deposits (identical to M1).

Real GDP

Gross Domestic Product adjusted for inflation, which provides a more accurate reflection of an economy's size and growth rate over time.

GDP

Short for Gross Domestic Product, it's the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.