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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

“How much money did you make last year?” What is wrong with that statement?

To determine

Identify whether the given statement is correct or wrong.

Explanation

Money refers to the medium of exchange in the form of paper currency and coins, which are used to make payment for all the commodities and services and also used for the repayment of debt. The money earned by a worker is called ‘income’. Therefore, the correct statement is ‘how much income did you make last year’, not ‘how much money did you make last year.’

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