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WAEC Economics 2017 Objective — Question 35

Question 35 of 50 from the West African Examinations Council (WAEC) Economics 2017 Objective paper, with the correct answer and a full explanation.

A measure of the value of money in an economy is the

A. A. size of workers' income
B. B. general price levelCorrect
C. C. total level of savings
D. D. total amount of loans granted by the banks

Explanation

General price level is used to determine the value of money in an economy.

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