Use the Following Information to Answer the Next Several Questions

question 30

Multiple Choice

Use the following information to answer the next several questions:
Scenario 1: Imagine that an economy produces two goods, flashlights and fishing lures. In 2015, the economy produced 70 flashlights and 40 fishing lures, and the prices of flashlights and fishing lures were $5 and $12, respectively. In 2016, the economy produced 85 flashlights and 50 fishing lures, and the prices of flashlights and fishing lures were $7 and $15, respectively.
-Based on the information in Scenario 1, nominal GDP grew by about ________ percent from 2015 to 2016.

• A) 23
• B) 31
• C) 62
• D) 162

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Definitions:

Parenteral Nutrition

A method of feeding that bypasses the gastrointestinal tract, delivering nutrients directly into the bloodstream through intravenous infusion to meet nutritional needs.

Bloodstream Infection

An infection that occurs when bacteria or viruses enter the blood, leading to potentially serious conditions.

Pneumothorax

The presence of air or gas in the pleural space that causes the lung to collapse, potentially leading to respiratory distress.

Liver Disease

A broad term that encompasses a range of conditions affecting liver function, including hepatitis, cirrhosis, and liver cancer.