The Following Table Shows the Amount Spent, in Billions of Dollars

question 45

Multiple Choice

The following table shows the amount spent, in billions of dollars, on recreational boats and accessories in the United States during the period 1999-2001. (Let S be the set of all dollars represented in the table.) Compute the cardinality of the set described as $n ( A \cap ( N \cup U ) )$ . $$\begin{array} { | l | l | l | l | l | } \hline & \text { Used Boats, } \boldsymbol { U } & \text { New Boats, } \boldsymbol { N } & \text { Accessories, } \boldsymbol { R } & \text { Total } \\\hline \mathbf { 1 9 9 9 , \boldsymbol { A } } & 6 & 8 & 2 & 16 \\\hline \mathbf { 2 0 0 0 , } \boldsymbol { B } & 6 & 6.5 & 4 & 16.5 \\\hline \mathbf { 2 0 0 1 , } \boldsymbol { C } & 6 & 8 & 2 & 16 \\\hline \text { Total } & 18 & 22.5 & 8 & 48.5 \\\hline\end{array}$$

• A)8
• B) 14
• C) 24.5
• D) 40.5
• E) 2

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Definitions:

Hot Dog Buns

Bread specifically designed to hold a hot dog, usually served as part of a meal or snack.

Subsidizes Housing

A government support mechanism that helps reduce the cost of housing making it more affordable for low-income individuals.

Lump Sum Transfer

A one-time payment of money or resources, usually not expected to be repaid.

Budget Line

A graphical representation showing all possible combinations of two goods that can be purchased at given prices and income level.