Wobet Is a Small Country That Produces Only Steak and Potatoes

question 42

Multiple Choice

Wobet is a small country that produces only steak and potatoes. Steaks have a price of $10 each and potatoes have a price of $1 each. Suppose that Wobet produces 10 steaks and 20 potatoes in 2010. Using ________, Wobet has GDP equal to ________.

• A) a price index; $120
• B) market value; $120
• C) market value; 30 units
• D) real value; $120
• E) a market basket; 30 units

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Definitions:

Fontanelles

Soft spots on a baby's skull where the bones have not yet fused, allowing for growth of the brain and skull.

Cephalocaudal

denotes a pattern of growth in humans where development proceeds from the head downwards through the body, guiding both physical growth and motor skill development.

Proximodistal

A pattern of development where growth starts at the center of the body and moves towards the extremities.

Proximodistal

Describes the pattern of development that proceeds from the center or core of the body outwards towards the extremities.