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The Table Below Gives the Quantities and Prices for 2000

question 177

Multiple Choice

The table below gives the quantities and prices for 2000 and 2010 for an economy that produces just two goods: sailboats and coconuts. The table below gives the quantities and prices for 2000 and 2010 for an economy that produces just two goods: sailboats and coconuts.   For this economy that produces just sailboats and coconuts, and with 2000 is the base year, real GDP was approximately ______ times larger in 2010 than it was in 2000. A)  1.34 B)  1.65 C)  1.77 D)  2.19 For this economy that produces just sailboats and coconuts, and with 2000 is the base year, real GDP was approximately ______ times larger in 2010 than it was in 2000.

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Definitions:

Business Owners

Individuals who own and operate a business, assuming both the risks and rewards associated with running the enterprise.

Government Involvement

The participation or intervention of a governmental body in various aspects of society, including the economy, education, and public policy.

Social Crisis

A situation that leads to significant disruption or harm to a society, potentially arising from economic, political, or environmental challenges.

Privatized System

A setup where services or enterprises once operated by the government are transferred to private sector control and ownership.

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