Consider to the Accompanying Payoff Matrix

question 110

Multiple Choice

Consider to the accompanying payoff matrix.   
If player A makes his or her choice before player B, then what will be the equilibrium outcome of this game?

• A)Player A and player B both get 60.
• B)Player A and player B both get 50.
• C)Player A gets 5 and player B gets 70.
• D)Player A gets 70 and player B gets 5.

---

Definitions:

Real GDP

The measure of a country's economic output adjusted for price changes, such as inflation or deflation, providing a more accurate reflection of an economy's size and health.

Percent

A mathematical term representing a part per hundred in everything from finance to statistics.

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period of time, often measured as the percent rate of increase in real gross domestic product (GDP).

Nations

Large groups of people united by common descent, history, culture, or language, inhabiting a particular country or territory.