Consider an Economy That Produces Only DVDs and DVD Players

question 143

Multiple Choice

Consider an economy that produces only DVDs and DVD players. Last year, 10 DVDs were sold at $20 each and 5 DVD players were sold at $100 each, while this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Real GDP this year using last year as the base year is:

• A) $100.
• B) $700.
• C) $1,300.
• D) $300

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Definitions:

Satiety Center

A region in the brain, particularly the hypothalamus, responsible for regulating feelings of fullness and controlling appetite.

Extracellular Fluid

The fluid environment outside cells, facilitating the transport of substances and playing a crucial role in maintaining physiological conditions.

Hyperglycemia

A condition characterized by an excessive amount of glucose circulating in the blood plasma.

Immune System

The body's defense mechanism against infectious organisms and other invaders, composed of special cells, proteins, tissues, and organs.