Suppose GDP Consists of Wheat and Rice

question 30

Multiple Choice

Suppose GDP consists of wheat and rice. In 2011, 200 kg of wheat are sold at $4 per kg, and 100 kg of rice are sold at $2 per kg. If in 2012, the base year, the price of wheat was $1 per kg and the price of rice was $2 per kg, then for year 2011:

• A) nominal GDP is $1000, real GDP is $250
• B) nominal GDP is $400, real GDP is $1000
• C) nominal GDP is $400, real GDP is $250
• D) nominal GDP is $1000, real GDP is $400

Comprehend the negotiation process of a negotiable instrument.

Compare the advantages and disadvantages of the assignment of contractual rights and the negotiation of negotiable instruments.

Understand the implications and risks involved in the endorsement of a negotiable instrument.

Understand the structure and divisions of the central nervous system (CNS) and peripheral nervous system (PNS).

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Definitions:

Human Resources

The department within an organization that is focused on activities relating to employees, including hiring, training, benefits, and compliance with labor laws.

Organizational Behavior

The study of how people interact within groups and organizations and how this behavior affects the performance of the organizations.

Computer Science

The study of algorithmic processes, computational machines, and computation itself.

Natural Sciences

Academic disciplines that study the natural world, using empirical evidence and scientific methods.