The Table Below Shows Total Output for an Economy Over

question 66

Multiple Choice

The table below shows total output for an economy over 3 years.
* millions of dollars
** real GDP measured in millions of 2007 dollars
TABLE 20-7
-Refer to Table 20-7.The real GDP in 2014,expressed in 2007 prices,was

• A)$773 585.
• B)$798 000.
• C)$800 000.
• D)$869 200.
• E)$900 000.

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Definitions:

Political Issues

Matters related to government, policies, and political processes that affect how a society is governed.

Economic Issues

Challenges related to the production, distribution, and consumption of goods and services within an economy.

Economic Swings

Refers to the fluctuations in economic activity over time, including periods of economic expansion and contraction.

Supply Shortages

A situation where the demand for a product or service exceeds the available supply, often leading to increased prices and scarcity.