If an Economy Produces 50 Oranges Sold at $1 Each

question 224

Multiple Choice

If an economy produces 50 oranges sold at $1 each and 100 bananas at $0.50 each, using GDP as the measure of output:

• A)oranges are weighted as being 2 times more important than bananas.
• B)oranges are weighted as being 1/2 as important as bananas.
• C)bananas are weighted as being 2 times more important than oranges.
• D)bananas are weighted as being 1/2 as important as oranges.

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Definitions:

Hours Of Sleep

A measure of the duration of sleep obtained by an individual in a 24-hour period, crucial for physical and mental health.

Married Women

Females who are legally united to a spouse through the institution of marriage.

Single Women

Refer to individuals who are female and not currently married or in a marital-equivalent relationship.

Water Consumption Rate

The measurement of the volume of water used by an entity over a specific period.