Table 19-6 -Refer to Table 19-6. Consider the Table of Production and Table

question 157

Multiple Choice

Table 19-6

-Refer to Table 19-6. Consider the table of production and price statistics for a small economy in 2018. If the economy only produces the four goods listed below, what is GDP for 2018?

• A) $428,000
• B) $267,000
• C) $24,000
• D) $1,424

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Definitions:

Reward

Something given in exchange for good behavior or achieved objectives, used as a form of motivation.

Employees

Individuals who are hired to perform specific duties or services for an employer in return for payment.

Alcohol Addiction

A chronic disease characterized by uncontrolled drinking and preoccupation with alcohol despite adverse consequences on personal and professional life.

Ethics Competency

The ability to understand and apply ethical principles and standards in decision-making and actions.