-Based on the Data in Table 2

question 29

Multiple Choice

-Based on the data in Table 2.3, national income is:

• A)£7.1 trillion.
• B)£10.8 trillion.
• C)£11.0 trillion.
• D)none of the above.

---

Definitions:

Quantity Of Resources

The total amount of natural, human, and capital resources available to produce goods and services.

Rapidly Growing

This term is used to describe entities (e.g., economies, companies) that experience a significantly higher-than-average increase in size, value, or performance over a short period.

Efficiently Produce

The process of creating goods or services using the least amount of resources while maximizing output.

Economy's Resources

Economy's resources refer to the total inputs available to produce goods and services, including labor, capital, land, and entrepreneurship.