Question

33 multiple choice 0.1 points when money is used to set the value of goods such as cars, and tvs, money is serving as a: unit of wealth. store of value. medium of exchange. unit of account. clear my selection 34 multiple choice 0.1 points the unemployment rate is the number of people without a job: and looking for work divided by the population. divided by the population. and looking for work divided by the labor force. divided by the labor force. clear my selection

Explanation:

For question 33:

• A unit of account means money is used to measure and set the value of goods. When we price cars, TVs etc. in terms of money, it's acting as a unit of account. A store of value is about saving money over time. A medium of exchange is for facilitating transactions (buying and selling). "Unit of wealth" is not a standard main function of money in this context.

For question 34:

• The unemployment rate formula is \( \text{Unemployment Rate}=\frac{\text{Number of unemployed (those without a job and looking)}}{\text{Labor force (employed + unemployed)}} \). The population includes those not in the labor force (e.g., retirees, full - time students not looking for work).

Answer:

1. D. unit of account
2. C. and looking for work divided by the labor force