WAEC - Economics (2017 - No. 34)
A measure of the value of money in an economy is the
size of workers
general price
total level of savings
total amount of loans granted by the banks
Paskaidrojums
The value of any good is determined by its supply and demand and the supply and demand for other goods in the economy. A price for any good is the amount ofmoney it takes to get that good. the value is inherent in its purchasing power which is price