Assume That a Rancher Sells McDonald's a Quarter-Pound of Meat

question 64

Multiple Choice

Assume that a rancher sells McDonald's a quarter-pound of meat for $1 and that McDonald's sells you a hamburger made from that meat for $2. In this case, the value included in GDP should be:

• A) $0.50.
• B) $1.
• C) $2.
• D) $3.

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Definitions:

RAM

Stands for Random Access Memory, a type of computer memory that can be accessed randomly; any byte of memory can be accessed without touching the preceding bytes.

Machine Language

The fundamental language consisting of binary code that can be directly understood and executed by a computer's central processing unit (CPU).

Pascaline

An early mechanical calculator invented by Blaise Pascal in the 17th century, capable of performing addition and subtraction.

Main Memory

The primary storage area in a computer where data and programs that are in active use are stored; also known as RAM (Random Access Memory).