During Last Year,a Country Produced 20,000 Pizzas and 10,000 Hamburgers

question 61

Multiple Choice

During last year,a country produced 20,000 pizzas and 10,000 hamburgers and nothing else.The pizzas sold for $10.00 each and the hamburgers for $3.00 each.Nominal GDP was

• A)$230,000.
• B)$70,000.
• C)$460,000.
• D)$390,000.
• E)$360,000.

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Definitions:

Need for Food

The Need for Food refers to the basic physiological requirement for nutrition, which drives the behavior of eating to sustain life and energy levels.

State of Need

A psychological or physiological condition of lacking something requisite or desirable.

Drive Theory

A psychological theory that posits behavior is motivated by drives, internal states of tension that compel actions to satisfy needs.

Stimulus Motives

Psychological needs that prompt individuals to seek stimulation or information in their environment.