Use the Following Information to Answer the Next Several Questions

question 114

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 grew by about _______ percent from 2009 to 2010.

• A)23
• B)31
• C)62
• D)162

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Definitions:

Selection Process

A series of specific steps used by an employer to decide which recruits should be hired.

Immediate Supervisors

Individuals who have direct managerial oversight over other employees, often responsible for day-to-day supervision.

Commitment

The state or quality of being dedicated to a cause, activity, or job; wholehearted dedication.

Computer-interactive Performance Tests

Assessments using computer technology to measure individuals' abilities or performance in specific tasks.