Table 12-11 Consider the Following Data for Tyrovia, a Country That Produces

question 113

Multiple Choice

Table 12-11
$$\begin{array} { | c | c | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Guns } \\\text { Produced }\end{array} & \text { Price af Guns } & \begin{array} { c } \text { Butter } \\\text { Prodiced }\end{array} & \begin{array} { c } \text { Price of } \\\text { Butter }\end{array} \\\hline 2005 & 80 & \$ 5 & 40 & \$ 4 \\\hline 2013 & 90 & 6 & 60 & 10 \\\hline\end{array}$$
Consider the following data for Tyrovia, a country that produces only two products: guns and butter.
-Refer to Table 12-11.Nominal GDP for Tyrovia in 2013 equals

• A)$1,140.
• B)$880.
• C)$690.
• D)$560.

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Definitions:

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the net profit by the initial cost of the investment.

Increase in Income

An upward movement in earnings or revenue, signaling growth or improvement in financial performance.

Variable Cost

A cost that changes in proportion with the level of output or activity; in contrast to fixed costs, which remain constant regardless of activity.

Transfer Price

The price at which goods or services are transferred between departments or divisions within the same company.