Table 10-1
the Table Below Contains Data for Country a for the Year

question 76

Multiple Choice

Table 10-1
The table below contains data for country A for the year 2010. $\begin{array}{|l|l|}\hline \text { Household purchases of durable goods } & \$ 1293 \\\hline \text { Household purchases of nondurable goods } & \$ 1717 \\\hline \text { Household purchases of services } & \$ 301 \\\hline \text { Household purchases of new housing } & \$ 704 \\\hline \text { Purchases of capital equipment } & \$ 310 \\\hline \text { Inventory changes } & \$ 374 \\\hline \text { Purchases of new structures } & \$ 611 \\\hline \text { Depreciation } & \$ 117 \\\hline \text { Salaries of government workers } & \$ 1422 \\\hline \text { Government expenditures on public works } & \$ 553 \\\hline \text { Transfer payments } & \$ 777 \\\hline \text { Foreign purchases of domestically produced goods } & \$ 88 \\\hline \text { Domestic purchases of foreign goods } & \$ 120 \\\hline\end{array}$

-Refer to Table 10-1. What was country A's GDP in 2010?

• A)$6359
• B)$7136
• C)$7253
• D)$8147

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Definitions:

May

Not a term that needs defining within the given context.

Labor Efficiency Variance

The variance between the number of hours actually worked and the expected standard hours needed to achieve a specific output level, calculated using the standard labor rate.

November

The eleventh month of the Gregorian calendar, often associated with autumn in the Northern Hemisphere and spring in the Southern Hemisphere.

Labor Rate Variance

This measures the difference between the actual wages paid to workers and the expected wages as per standard cost for the actual labor hours worked.