Use the Following to Answer Questions

question 45

Multiple Choice

Use the following to answer questions:
-(Table: Lemonade and Cookies) Use Table: Lemonade and Cookies. Assume that an economy produces only lemonade and cookies. Nominal GDP in 2014 was:

• A) $400.
• B) $420.
• C) $445.
• D) $820.

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Definitions:

Ingroup

A group to which an individual feels a sense of membership, belonging, and identity.

Social Schema

Cognitive frameworks that help organize and interpret information about social environments and relationships.

News Reporters

Individuals who investigate, collect, and present information as news to the general public.

Stereotypes

Preconceived and oversimplified beliefs or ideas about a certain group of people or things, often lacking in nuance and accuracy.