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

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Definitions:

Akhnaton

An ancient Egyptian pharaoh of the Eighteenth Dynasty who is noted for attempting to institute a monotheistic worship of the sun disk Aten.

Self-Creating

The concept of something or someone coming into existence or being through its own inherent capabilities, often used in philosophical and metaphysical discussions about the nature of being and creation.

Theodicies

Philosophical attempts to justify the goodness of God in the face of the existence of evil and suffering in the world.

Total Commitment

A state of being wholly dedicated to a cause or activity with the entirety of one's resources, energy, and being.