The Base Year Is 2010

question 95

Multiple Choice

The base year is 2010. A country only produces MP3 players. The price of an MP3 player in 2008 was $50. The price of an MP3 player was $30 in 2010. The quantity of MP3 players produced in 2008 was 10,000 units and in 2010 was 20,000 units. Nominal GDP in 2010 equals

• A)$600,000.
• B)$200,000.
• C)$500,000.
• D)$1,000,000.
• E)an amount that cannot be determined without information about real GDP in 2010.

Comprehend the principles and procedures involved in litigation, including filing lawsuits, serving complaints, and the roles of plaintiffs and defendants.

Recognize the conditions under which appellate courts operate and the standards they use in reviewing cases from lower courts.

Distinguish between original and appellate jurisdiction of the Supreme Court and when its decisions are final.

Describe the concept of cyber-jurisdiction and how the internet affects legal jurisdiction.