Scenario: a Country Produces Only One Good

question 173

Multiple Choice

Scenario: A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units of the good in Year 2. The price of each unit of the good in Year 1 was $280 and it was $320 in Year 2. Suppose Year 1 is taken as the base year for the calculation of GDP.
-Refer to the scenario above.The GDP deflator for Year 2 is ________.

• A) 114.3
• B) 0.14
• C) 240
• D) 87.5

Grasp the socio-cultural factors influencing the predominance of patriarchal religions.

Differentiate between monotheism, polytheism, animism, and other forms of belief systems.

Understand the roles and functions of religious leaders and practitioners within societies.

Understand the concept of capital structure and how it influences a firm's valuation.

---

Definitions:

College Students

Individuals who are enrolled in a college or university program, typically pursuing a degree or certification.

Freshmen

Freshmen are students in their first year of high school or college, new to the academic institution and its environment.

Reciprocal Determinism

A concept in social cognitive theory that suggests individual behavior, personal factors, and the environment mutually influence each other.

Bandura

Refers to Albert Bandura, a psychologist known for his work on social learning theory and the concept of self-efficacy.