Assume That Apples Cost $0

question 11

Multiple Choice

Assume that apples cost $0.50 in 2012 and $1 in 2019, whereas oranges cost $1 in 2012 and $1.50 in 2019. If 4 apples were produced in 2012 and 5 in 2019, whereas 3 oranges were produced in 2012 and 4 in 2019, then real GDP (in 2012 prices) in 2019 was:

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

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Definitions:

Plural

The form of a noun or verb that is used to indicate more than one, such as "cats" for more than one cat.

Suffix

A letter or group of letters added at the end of a word to modify its meaning or change it into a different word class, such as -ness, -ly, or -sion.

Prefix

A group of letters added to the beginning of a word to alter its meaning, such as "un-" in "unhappy."

Word Root

The base part of a word that holds the primary meaning, to which other parts like prefixes or suffixes can be added.