Use the Following to Answer Questions: Table: Wheat and Corn

question 229

Multiple Choice

Use the following to answer questions: Table: Wheat and Corn $$\begin{array} { l c c c c } \hline \text { Year } & \begin{array} { l } \text { Price of Wheat } \\\text { (per bushel) }\end{array} & \begin{array} { l } \text { Quantity of Wheat } \\\text { (million bushels) }\end{array} & \begin{array} { l } \text { Price of Corn } \\\text { (per bushel) }\end{array} & \begin{array} { l } \text { Quantity of Corn } \\\text { (million tons) }\end{array} \\\hline 2005 & \$ 56 & 1,250 & \$ 44 & 940 \\2006 & 64 & 1,360 & 52 & 1,050 \\2007 & 72 & 1,420 & 55 & 1,120 \\2008 & 80 & 1,500 & 62 & 1,260 \\\hline\end{array}$$
-(Table: Wheat and Corn) Consider a country that produces only wheat and corn. Based on the data in the table, the country's nominal GDP for year 2008 is:

• A) $111,360 million.
• B) $141,640 million.
• C) $163,840 million.
• D) $198,120 million.

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Definitions:

Budget

An estimate of income and expenditure for a set period of time, often used for planning and managing finances.

Statement Of Needs

A documented expression of the requirements or necessities that a project, proposal, or program aims to address or fulfill.

Grant Proposal

A formal request for financial assistance submitted to an organization or government entity, outlining a project's goals, methodology, and budget.

Logical

Pertaining to or exhibiting clear, reasoned thinking and analysis, typically following a coherent structure.