Assume That Apples Cost $0

question 19

Multiple Choice

Assume that apples cost $0.50 in 2002 and $1 in 2009, whereas oranges cost $1 in 2002 and $1.50 in 2009. If 4 apples were produced in 2002 and 5 in 2009, whereas 3 oranges were produced in 2002 and 4 in 2009, then real GDP (in 2002 prices) in 2009 was:

• A) $5.
• B) $6.50.
• C) $9.50.
• D) $11.

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Definitions:

Vitamin C

An essential nutrient and antioxidant found in fruits and vegetables, necessary for the growth, development, and repair of all body tissues.

Aspirin

A drug administered to alleviate pain, fever, inflammation, and in smaller doses, to inhibit blood clot formation.

Hispanic-American

A person residing in the United States of America who is of Hispanic or Latino origin.

Food Preferences

The individual choices or desires that influence the selection of food based on taste, health, convenience, or cultural reasons.