-Bananaland Produces Only Bananas and Sunscreen and the Quantities and Prices

question 243

Multiple Choice

-Bananaland produces only bananas and sunscreen and the quantities and prices for 2010 and 2011 are given in the table above.Between 2010 and 2011, which grew more rapidly: Nominal GDP or real GDP?

• A) nominal GDP grew more rapidly
• B) real GDP grew more rapidly
• C) both grew at the same rate
• D) Because real GDP and nominal GDP use different prices, it is not possible to determine which grew most rapidly.
• E) More information is needed to determine which grew more rapidly.

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Definitions:

Psychological Disorder

A mental disorder characterized by patterns of thought, feeling, or behavior that are abnormal, distressing, and significant enough to interfere with one's daily functioning.

Personality Disorders

A class of mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating markedly from those accepted by the individual's culture.

Extreme Characteristics

Traits or features that are significantly above or below the average or norm in any dimension such as physical, psychological, or behavioral.

Impaired Functioning

A reduction in the ability to perform or operate effectively in daily activities, often due to physical or mental health conditions.