The Table Given Below Reports the Sales Value at Each

question 93

Multiple Choice

The table given below reports the sales value at each stage of production of the soft drink Pepsi.
Table 5.3
$\begin{array}{|l|c|}\hline {\text { Production Stage }} & \text { Sales Value } \\\hline \text { Sugar cane } & \$ 0.05 \\\hline \text { Processed sugar } & \$ 0.10 \\\hline \text { Wholesale Pepsi } & \$ 0.40 \\\hline \text { Pepsi in a vending machine } & \$ 0.60 \\\hline\end{array}$
-Refer to Table 5.3. If this Pepsi were the only good produced in the economy, what would GDP by the expenditures approach be equal to?

• A) $0.05
• B) $0.20
• C) $0.40
• D) $1.15
• E) $0.60

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Definitions:

Latané

Refers to Bibb Latané, a psychologist known for his work on social impact theory and the bystander effect.

Social Loafing

The phenomenon where individuals exert less effort when working in a group than when working alone, due to perceived diffusion of responsibility.

Pseudogroups

Temporary or makeshift groups with minimal integration or common identity, often lacking the cohesion or dynamics of more formally established groups.

Disjunctive Task

A type of group task in which the group's performance is determined by the best-performing individual within the group.