Use the Table Below to Answer the Following Question

question 17

Multiple Choice

Use the table below to answer the following question.
Table 20.4.4

-Refer to Table 20.4.4. The table provides data on the economy of Tropical Republic that produces only bananas and coconuts. Nominal GDP in 2013 is ________. Nominal GDP in 2014 is ________.

• A)$7,500; $7,000
• B)$7,472.50; $7,000
• C)$7,000; $7,500
• D)$7,472.50; $7,500
• E)$1,500; $1,625

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Definitions:

Correlated

Two variables are correlated if their values tend to move together.

Variables

Elements, features, or factors that are likely to change or vary within the context of a research study or scientific experiment.

Usage Tax

A tax imposed on specific goods and services that is usually proportionate to the level of consumption or use.

High Variation

Refers to a wide range of values or outcomes within a set of data, indicating significant differences or fluctuations.