Table 12-17 A Very Simple Economy Produces Three Goods: Movies, Burgers, and \text

question 78

Multiple Choice

Table 12-17
$\begin{array}{|c|c|c|c|c|}\hline & 2013 & & 2018 & \\\hline \text { Product } & \text { Quantity } & \text { Price } & \text { Quantity } & \text { Price } \\\hline \text { Movies } & 20 & \$ 6.00 & 30 & \$ 7.00 \\\hline \text { Burgers } & 100 & 2.00 & 90 & 2.50 \\\hline \text { Bikes } & 3 & 1,000.00 & 6 & 1,100.00 \\\hline\end{array}$ A very simple economy produces three goods: movies, burgers, and bikes. The quantities produced and their corresponding prices for 2013 and 2018 are shown in the table above.
-Refer to Table 12-17.What is real GDP in 2018,using 2013 as the base year?

• A) $3,320
• B) $3,690
• C) $6,360
• D) $7,035

---

Definitions:

External Locus

Refers to the belief that one's success or failure is due to external forces beyond one's control.

High Self-monitor

An individual who is highly attentive to societal cues and adapts their behavior accordingly to fit in different social situations.

Organizational Financial Performance

Measures how well a company utilizes its assets to generate earnings and manage its financial activities.

Personality Measures

Tools or assessments used to evaluate individual differences in personality traits and characteristics.