A 400-W Computer (Including the Monitor)is Turned on for 8

question 7

Multiple Choice

A 400-W computer (including the monitor) is turned on for 8.0 hours per day.If electricity costs 10¢ per kWh,how much does it cost to run the computer annually for a typical 365-day year?

• A) $120
• B) $1200
• C) $15
• D) $17
• E) $150

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate reflection of an economy's size and how it's growing over time.

Price Level

An index or measure that represents the average prices of goods and services in an economy at a given time.

Human Capital

The knowledge and skills that workers acquire through education and on-the-job training

Technology

The application of scientific knowledge for practical purposes, especially in industry and in the creation of goods and services.