Refer to the Table Below

question 23

Multiple Choice

Refer to the table below.The average cost of 4 units of this activity is:

• A)$20
• B)$25
• C)$30
• D)$40

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Definitions:

Recession

A marked reduction in economic performance widespread throughout the economy, persisting for more than a few months, often seen in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Expected Profit Rate

The forecasted return or profit expressed as a percentage that a business or investment is projected to earn over a specific period.

Interest Rate

The percentage of an amount of money charged for its use, indicating the cost of borrowing money or the return on invested savings.

Savings Exceeds Investment

A situation in which the amount saved by households or organisations is greater than the amount being invested within the economy.