The Table Contains Data for a Hypothetical Single-Product Economy

question 107

Multiple Choice

$$\begin{array} { | c | c | c | c | } \hline \text { Year } & \text { Units of Output } & \text { Price of Bagel per Unit } & \text { Price Index } ( \text { Year } 1 = 100 ) \\\hline 1 & 10 & \$ 10 & 100 \\\hline 2 & 12 & 20 & 200 \\\hline 3 & 15 & 30 & 300 \\\hline 4 & 20 & 40 & 400 \\\hline\end{array}$$ The table contains data for a hypothetical single-product economy. Real GDP in year 4 is

• A) $320.
• B) $450.
• C) $200.
• D) $800.

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Definitions:

Marriage

The legally and socially sanctioned union of sexually intimate adults.

Americans

Citizens or natives of the United States of America, or relating to the country and its culture, society, and politics.

Marry

The legally or formally recognized union of two people as partners in a personal relationship, traditionally understood as in marriage.

Cohabitation

Living together in a sexually intimate relationship without the legal bonds of marriage.