Consider the Following Data That Gives the Quantity Produced and Unit

question 44

Multiple Choice

Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the following questions. Assume that the base year is 2012.
-What was the real gross domestic product (GDP) in 2013?

• A) $5,400
• B) $6,300
• C) $6,450
• D) $1,700
• E) $13,600

---

Definitions:

Cognitive Capacity

The total amount of mental resources available to an individual for carrying out cognitive tasks.

Quandary

A state of perplexity or uncertainty over what to do in a difficult situation.

Car Dealerships

Businesses that specialize in selling new or used cars, typically authorized by automakers to sell their brand of vehicles and offer related services such as maintenance and financing.

#1 Dealer

Typically used in advertising or promotional contexts to describe the top or most successful seller of a product or service within a specific area or category.