Use the Table Below to Answer the Following Question

question 48

Multiple Choice

Use the table below to answer the following question.
Table 20.4.2

-Refer to Table 20.4.2. An economy produces only digital cameras, chocolate bars, and watches. The table gives the quantities produced and prices in 2012 and 2013.
The base year is 2012.
The chained-dollar real GDP in 2013 is

• A)$34.
• B)$25.
• C)$147.
• D)$109.
• E)$36.

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Definitions:

Security Interest

A legal claim or lien on collateral that has been pledged, usually to obtain a loan, that provides a lender the right to repossession if the borrower defaults.

Collateral

An asset or property that a borrower offers to a lender as security for a loan.

Secured Party

An individual or entity that holds an interest in a secured transaction, typically a lender with a security interest in the collateral provided by a borrower.

Debtor

An individual or organization that owes money to another party, known as the creditor.