Use the Table Below to Answer the Following Question

question 14

Multiple Choice

Use the table below to answer the following question.
Table 20.4.4

-Refer to Table 20.4.4.The table provides data on the economy of Tropical Republic that produces only bananas and coconuts.
Nominal GDP in 2011 is ________.Nominal GDP in 2012 is ________.The chained-dollar real GDP in 2012 expressed in 2011 dollars is ________.

• A)$7,500;$7,000;$7,472.50
• B)$7,472.50;$7,000;$7,500
• C)$7,000;$7,500;$7,472.50
• D)$7,472.50;$7,500;$7,000
• E)$1,500;$1,625;$1,575

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Definitions:

Overline

In mathematics, a line drawn over symbols to indicate that they are considered together, such as in the notation for a repeating decimal.

Denominator

The number under a division line in a fraction. The denominator is also known as the divisor.

Unknown Variable

A symbol in mathematics that represents a number or value which is not yet identified.

Formula

A mathematical relationship or rule expressed in symbols.