The Table Below Indicates the Price and Output Data Over

question 158

Multiple Choice

The table below indicates the price and output data over a five-year period for an economy that produces only one good. Refer to the above data.If year 2 is the base year, real GDP in year 5 is:

• A)$120
• B)$90
• C)$60
• D)$30

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Definitions:

Financial Reports

Official documents that provide information about a company's financial performance, position, and cash flows over a specific period.

Profitability

The ability of a business to generate earnings over costs and expenses, indicating its financial success and sustainability.

Art Supplies

Materials, tools, and equipment used for artistic activities such as painting, drawing, and sculpting.

Cash Receipts

A record of all money coming into a business, indicating the company's inflow of cash from its various activities.