The Table Below Shows Total Output for an Economy Over

question 39

Multiple Choice

The table below shows total output for an economy over 2 years. TABLE 20-8 Refer to Table 20-8.The real GDP in 2018,expressed in 2017 prices,was

• A)$1760.
• B)$1500.
• C)$1300.
• D)$1260.
• E)$410.

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Definitions:

Revenue Generated

The total amount of income produced by the sale of goods or services related to a company's primary operations.

Patent Law

The area of law concerned with giving inventors the exclusive right to benefit from their inventions for a certain period.

Inventors

Individuals who create something novel and useful, often securing patents for their innovations to protect the intellectual property.

Patented Invention

A device, method, or process that has been protected by a patent, granting the inventor exclusive rights to use, make, or sell it.