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:

Discontinuity Effect

The phenomenon where groups are more likely to engage in extreme or aggressive behavior compared to individuals acting alone.

Hostile Competition

A form of rivalry where participants engage in aggressive behaviors and tactics to win or outperform each other.

Rationalization

the process of justifying behaviors or attitudes with logical, plausible reasons, even if these are not the true underlying motivations.

Political Goals

Objectives set by individuals or groups related to governing, influencing policy, or achieving power within a political framework.