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

question 170

Multiple Choice

Use the following to answer questions: Table: Three-Good Economy II $$\begin{array} { l c c c c } \hline \text { Product } & \text { Quantity (2008) } & \text { Price (2008) } & \text { Quantity (2009) } & \text { Price (2009) } \\\hline \text { Computers } & 30 & \$ 1,000 & 28 & \$ 995 \\\text { Pizzas } & 100 & 10 & 150 & 15 \\\text { Burgers } & 200 & 200 & 210 & 20 \\\hline\end{array}$$
-(Table: Three-Good Economy II) 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 growth rate of real GDP in 2009 if 2009 prices are used in the calculation of real GDP?

• A) -3.71%
• B) -2.94%
• C) -1.97%
• D) 1.00%

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Definitions:

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to and removing waste from the fetus through the umbilical cord.

Oxygenated Blood

Blood that is rich in oxygen, typically found in the arterial system, except for the pulmonary arteries, which carry deoxygenated blood to the lungs.

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to all parts of the body.

Oxygenated Blood

Blood that has been enriched with oxygen in the lungs and is transported via arteries from the heart to supply the tissues of the body.