For the Following Question(s), Suppose an Economy Produces Only Pens

question 20

Multiple Choice

For the following question(s) , suppose an economy produces only pens and pencils, and that the quantity and price data is given by this table:

-What is approximately the growth rate of real GDP using base year 1?

• A) 13%
• B) 20%
• C) 33%
• D) 39%
• E) 25%

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Definitions:

Equivalent

A term used to describe a quantitative relationship in chemistry, representing entities that have the same capacity to react.

Diastereotopic

Diastereotopic refers to hydrogen atoms or groups in a molecule that are not identical and are replaced by another atom or group, leading to diastereomers.

Enantiotopic

Refers to atoms or groups in a molecule that are mirror images of each other but not superimposable, often discussed in the context of chirality in organic chemistry.

Chemically Equivalent

Term used to describe atoms or groups in a molecule that have identical chemical environments and exhibit the same chemical behavior.