The Table Given Below Lists the Price Per Unit and Output

question 64

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 nominal GDP for 2003?

• A) $223,000
• B) $254,000
• C) $376,000
• D) $448,000
• E) $520,000

Understand the foundation and principles of simulation, including its purpose and functionality.

Recognize the importance of random number generation and intervals in simulation.

Appreciate the capability of simulation to test policy changes without impacting real systems.

Identify the threefold idea behind simulation and its stages.

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Definitions:

Food Diary

A record kept by an individual of everything they eat and drink within a certain period, often used to monitor dietary habits and health.

Screen Time

The amount of time spent using devices with screens, such as smartphones, computers, televisions, and tablets.

Cognitive Behavioral Therapy

A form of psychotherapy that treats problems by modifying dysfunctional emotions, behaviors, and thoughts.

Cultural Competence

A set of knowledge and interpersonal skills that allows individuals to increase their understanding and appreciation of cultural differences and similarities.