The Table Given Below Lists the Price Per Unit and Output

question 36

Multiple Choice

The table given below lists the price per unit and output of computers and calculators (the only two goods produced by a nation) for the years 1995 and 2003.
Table 5.6
$\begin{array}{c}\quad\quad\quad\quad\text { Production Data }\\\quad\quad\quad\quad\quad\text { Prices per Unit } \quad\quad \text { Quantity }\\\begin{array}{|c|l|l|c|c|}\hline \text { Production } & \mathbf{1 9 9 5} & \mathbf{2 0 0 3} & \mathbf{1 9 9 5} & \mathbf{2 0 0 3} \\\hline \text { Computers } & \$ 2,000 & \$ 1,600 & 100 & 100 \\\text { Calculators } & \$ 60 & \$ 70 & 900 & 900 \\\hline\end{array}\end{array}$
-Refer to Table 5.6. What is the constant-dollar real GDP growth from 1995 to 2003 using 1995 as the base year?

• A) 50 percent
• B) zero percent
• C) -75 percent
• D) 100 percent
• E) 14 percent

Identify and explain possible competitive strategies.

Analyze challenges caused by interdependencies among performance determinants.

Describe internal constraints faced by top executives.

Assess the cost-effectiveness of implementing new technology for operational efficiency.

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Definitions:

Culturally Fair

Describing tests, tasks, or procedures that are designed to be unbiased and equitable across different cultures or demographic groups.

Reliable

Consistency in measurement over time; the degree to which an assessment tool produces stable and consistent results.

IQ Scores

Numerical measures of an individual's intelligence level, typically based on standardized tests.

David Wechsler

A psychologist who developed several widely used intelligence tests, including the Wechsler Adult Intelligence Scale (WAIS) and the Wechsler Intelligence Scale for Children (WISC).