# economics

1)Robert received a \$100 gift certificate to a bookstore a year ago. The economy has been in an inflationary period for the last year. This gift certificate is

A. not expressed in either real or nominal terms since it is not money.

B. adjusted in terms of the CPI.

C. expressed in nominal terms and is
worth less.

2)One criticism of the unemployment rate is that it

A. does not include the number of discouraged workers as unemployed.

B. is a stock measure.

C. does not include people who are not working and are not looking for work.

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