Use the Following to Answer Questions: Table: Three-Good Economy I

question 140

Multiple Choice

Use the following to answer questions: Table: Three-Good Economy I $$\begin{array} { l c c c c } \hline \text { Product } & \text { Quantity (2008) } & \text { Price (2008) } & \text { Quantity (2009) } & \text { Price (2009) } \\\hline \text { Computers } & 25 & \$ 800.00 & 30 & \$ 1,000.00 \\\text { Pizzas } & 90 & 9.00 & 100 & 10.00 \\\text { Burgers } & 180 & 1.80 & 200 & 2.00 \\\hline\end{array}$$
-(Table: Three-Good Economy I) Suppose an economy produces only the three final goods shown in the table. The table gives information on the quantities produced and the prices of goods sold in 2008 and 2009. What is the nominal GDP in 2008?

• A) $20,134
• B) $21,134
• C) $25,260
• D) $26,260

---

Definitions:

Force Field Analysis

A method used to examine the forces that support or hinder a particular change or decision, facilitating strategic planning.

Ambivalence

Having mixed feelings or contradictory attitudes towards something or someone.

Speaking Turns

The order or opportunity for individuals to contribute to a conversation in a sequenced manner.

Round Robin

A system or method where each participant takes turns in a sequence or contributes in a rotating fashion.