Estimate an Answer to the Problem

question 63

Multiple Choice

Estimate an answer to the problem.
-An advertisement states that television sets are on sale at B&G Electronics. The sale prices are: 13-inch set, $147.99; 19-inch set, $208.95; 21-inch set, $231.99; 27-inch set, $289.97; 50-inch set, $519.97. Estimate to the nearest ten the total cost of one 13-inch set and one 27-inch set.

• A)$430
• B)$420
• C)$450
• D)$440

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Definitions:

Future Business Activity

Predictions or estimations about the levels of commercial, industrial, or professional operations and engagements in the upcoming period.

Keynesian Model

An economic theory stating that active government intervention is necessary to manage economic fluctuations and stimulate demand during downturns.

Money Supply

The sum of all funds available in an economy, including cash, coins, and checking and savings account balances, at a particular point in time.

Foreign Exports

Products or services that are manufactured in one nation and purchased by consumers in a different country.