Bananaland Produces Only Bananas and Sunscreen and the Quantities and \text

question 29

Multiple Choice

$\begin{array} { l c c c c } & { \text { Date for } \mathbf { 2 0 1 2 } } & & { \text { Data for } \mathbf { 2 0 1 3 } } \\\hline { \text { Item } } & \text { Quantity } & \text { Price } & \text { Quantity } & \text { Price } \\\hline \text { Bananas } & 100 & \$ 2.00 & 125 & \$ 4.00 \\\text { Sunscreen } & 60 & \$ 5.00 & 75 & \$ 4.00 \\\hline\end{array}$

Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are given in the table above.
-The base year is 2012. In 2013, which is larger: Nominal GDP or real GDP?

• A)real GDP is larger
• B)both are the same size
• C)the answer is ambiguous
• D)nominal GDP is larger
• E)More information is needed to determine which is larger.

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Definitions:

Civil Disobedience

The refusal to obey certain laws or governmental demands for the purpose of influencing legislation or government policy, characterized by the use of nonviolent techniques.

Evolution of the State

The historical development and transformation of state structures, from simple forms of governance to complex administrative and political systems.

Political Systems

The set of formal legal institutions that constitute a government or a state, which outlines how societies organize and govern themselves.

Society's Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation, communication, water systems, and public institutions.