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

question 86

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. If prices in 2008 are used to calculate real GDP, what is the growth rate of real GDP in 2009?

• A) 4%
• B) 19.5%
• C) 24.3%
• D) 48.6%

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Definitions:

Long-term Memories

Memories stored within the brain that can last from days to an entire lifetime, encompassing personal experiences, facts, and concepts.

Cerebral Cortex

The outer layer of the brain's cerebrum, responsible for higher brain functions such as thought, memory, and decision-making.

Long-term Potentiation (LTP)

A long-lasting increase in signal transmission between two neurons, believed to be a cellular mechanism underlying learning and memory.

Memory Trace

A hypothetical means by which memories are stored as biophysical or biochemical changes in the brain in response to external stimuli.