If Hotdogs Cost $2 This Year and $3 Next Year

question 167

Multiple Choice

If hotdogs cost $2 this year and $3 next year, then 100 hotdogs will contribute

• A)$200 to this year's nominal GDP and $166 to next year's nominal GDP.
• B)$200 to this year's real GDP and $300 to next year's real GDP.
• C)the same dollar amount to each year's nominal GDP because hotdogs are intermediate goods.
• D)$200 to this year's nominal GDP and $300 to next year's nominal GDP.

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Definitions:

Need For Achievement

A psychological drive or motivation to accomplish tasks, achieve excellence, and overcome obstacles.

Motives

Internal drives that prompt individuals to take action or behave in a certain way.

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An individual's belief that they can control their own destiny through their decisions and actions.

Managerial Effectiveness

The degree to which a manager achieves the desired output and outcomes through efficient allocation and utilization of resources.