Use the Table Below to Answer the Following Questions

question 94

Multiple Choice

Use the table below to answer the following questions.
Table 20.4.1

-Refer to Table 20.4.1. In this table, at 2014 prices, the value of production from 2013 to 2014 has increased by

• A)56 percent.
• B)91.7 percent.
• C)10.8 percent.
• D)54.5 percent.
• E)77.3 percent.

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Definitions:

Externality

A consequence of an industrial or commercial activity that affects other parties without this being reflected in market prices.

Uncompensated Impact

Uncompensated impact refers to effects borne by parties who are not directly involved in a transaction or activity and are not compensated for their losses.

Well-Being

The state of being comfortable, healthy, or happy, often considered in a broad perspective including physical, psychological, and social aspects.

Externalities

Externalities are effects of a transaction that are experienced by someone who is not directly involved in the transaction, either positively (positive externalities) or negatively (negative externalities).