Table 10-1
the Table Below Contains Data for Bahkan for the Year

question 43

Multiple Choice

Table 10-1
The table below contains data for Bahkan for the year 2010. $\begin{array}{|l|l|}\hline \text { GDP } & \$ 110 \\\hline \text { Income earned by citizens abroad } & \$ 5 \\\hline \text { Income foreigners earn here } & \$ 15 \\\hline \text { Losses from depreciation } & \$ 4 \\\hline \text { Indirect business taxes } & \$ 6 \\\hline \text { Statistical discrepancy } & \$ 0 \\\hline \text { Retained earnings } & \$ 5 \\\hline \text { Corporate income taxes } & \$ 6 \\\hline \text { Social insurance contributions } & \$ 10 \\\hline \text { Interest paid to households by government } & \$ 5 \\\hline \text { Transfer payments to households from government } & \$ 15 \\\hline \text { Personal taxes } & \$ 30 \\\hline \text { Nontax payments to government } & \$ 5 \\\hline\end{array}$

-Refer to Table 10-1. The market value of all final goods and services produced within Bahkan in 2010 is

• A)$95.
• B)$100.
• C)$110.
• D)$120.

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Definitions:

Output

The total amount of goods or services produced by a person, machine, or industry.

Profit-Maximizing Level

The specific output level at which a business achieves its maximum profit, determined through analysis of costs and revenues.

Output

The quantity of goods or services produced by a firm, industry, or economy in a given period.

Marginal Cost

The change in total production cost that comes from making or producing one additional unit.