Table 5-4
Use the Following Table to Answer the Following

question 118

Multiple Choice

Table 5-4
Use the following table to answer the following questions.
$$\begin{array} { | l | c | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Price of } \\\text { Burgers }\end{array} & \begin{array} { c } \text { Quantity of } \\\text { Burgers }\end{array} & \begin{array} { c } \text { Price of } \\\text { Maganines }\end{array} & \begin{array} { c } \text { Quantity of } \\\text { Maganines }\end{array} \\\hline 2010 & \$ 4.00 & 100 & \$ 2.00 & 180 \\\hline 2011 & \$ 5.00 & 120 & \$ 2.50 & 200 \\\hline 2012 & \$ 6.00 & 150 & \$ 3.50 & 200 \\\hline\end{array}$$
-Refer to the Table 5-4.What is the nominal GDP for 2011?

• A)$900
• B)$1000
• C)$1100
• D)$1250

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Definitions:

Oral Exam

An examination method where the candidate articulates responses to questions verbally, used to assess comprehension, communication skills, and knowledge.

Written Exam

A formal test conducted by asking questions on paper or digitally to assess a candidate's knowledge or proficiency in a particular subject or skill.

Psychometricians

Scientists who specialize in the theory and technique of psychological measurement, including the development and refinement of tests and measurements of personality, abilities, and attitudes.

Spearman's Rank

A nonparametric measure of rank correlation, assessing the strength and direction of association between two ranked variables.