Use the Following Information to Answer the Next Several Questions

question 66

Multiple Choice

Use the following information to answer the next several questions:
Scenario 1: Imagine that an economy produces two goods, flashlights and fishing lures. In 2009, the economy produced 70 flashlights and 40 fishing lures, and the prices of flashlights and fishing lures were $5 and $12, respectively. In 2010, the economy produced 85 flashlights and 50 fishing lures, and the prices of flashlights and fishing lures were $7 and $15, respectively.
-Based on the information in Scenario 1, nominal GDP in 2010 in this economy was

• A)$830.
• B)$1,025.
• C)$1,090.
• D)$1,345.

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Definitions:

Emotional Intelligence

The capacity to identify, comprehend, control, and logically deal with one's own feelings and the feelings of others.

Empathy

Empathy is the ability to understand and share the feelings of another, fostering a sense of connection and compassion.

Verbal Aptitude Test

An assessment designed to measure an individual’s ability to understand, use, and process spoken and written language.

Ethnic Minority

A group within a community which possesses different national or cultural traditions from the majority population.