For the Following Question(s), Suppose an Economy Produces Only Pens

question 38

Multiple Choice

For the following question(s) , suppose an economy produces only pens and pencils, and that the quantity and price data is given by
this table: $$\begin{array} { | l | l | l | } \hline & \text { Pens } & \text { Pencils } \\\hline \text { Year 1 quantity } & 15 & 10 \\\hline \text { Year 1 price } & \$ 12 & \$ 12 \\\hline \text { Year 2 quantity } & 17 & 12 \\\hline \text { Year 2 price } & \$ 14 & \$ 15 \\\hline\end{array}$$
-What is the real GDP in year 1 using base year 1?

• A)$418
• B)$338
• C)$300
• D)$294
• E)$360

---

Definitions:

Learned Behavior

Refers to behaviors acquired through experience or observation and not based on instinct or innate nature.

Behavioral Ecology

The scientific study of behavior in natural environments from the evolutionary perspective.

Ethology

The study of animal behavior under natural conditions from the point of view of adaptation.

Imprinting

A form of learning which occurs at a specific life stage and involves recognizing and following the characteristics of another individual, often the parent.