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

question 297

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 2008 prices are used in the calculation of real GDP?

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

---

Definitions:

Wolffian Ducts

Embryonic structures in males that develop into the epididymis, vas deferens, and seminal vesicles.

Urogenital Folds

Urogenital Folds are embryonic structures that form part of the genitalia, developing into the outer parts of the vagina in females and encasing the urethra in males.

Urethral Groove

The groove found along the underside of the penis or within the genital area, where the urethra is positioned in certain developmental stages or conditions.

Foramen Ovale

An opening in the septum between the two atria of the heart in the fetus which normally closes shortly after birth.