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

question 277

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 real GDP in 2009 if 2009 prices are used in the calculation of real GDP?

• A) $33,700
• B) $35,000
• C) $34,310
• D) $35,350

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Definitions:

Actual Margin

The real profit margin achieved after accounting for all costs and expenses, reflecting the actual financial health and profitability.

Initial Margin

The minimum amount of capital required to be deposited in a margin account before trading on margin or selling short.

Underwriting Arrangement

The process by which an underwriter brings a new security issue to the public, often assuming the risk of selling the securities.

Investment-Banking Firm

A financial institution that assists individuals, corporations, and governments in raising financial capital by underwriting or acting as the client's agent in the issuance of securities.