Table 8-2 -Refer to Table 8-2.Suppose That a Simple Economy Produces Only

question 31

Multiple Choice

Table 8-2

-Refer to Table 8-2.Suppose that a simple economy produces only four goods and services: shoes,DVDs,tomatoes,and ketchup.Assume one half of the tomatoes are used in making the ketchup and the other half of the tomatoes are purchased by households.Using the information in the above table,nominal GDP for this simple economy equals

• A)$7,400.
• B)$6,400.
• C)$5,800.
• D)2,440 units.

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Definitions:

Prolactin

A hormone produced by the pituitary gland, primarily associated with lactation (milk production) in mammals.

Women

Adult human females.

Cerebral Palsy

A neurological disorder that affects movement and muscle tone, often caused by damage to the brain before or at birth.

Oxygen Supply

The availability and provision of oxygen to organisms for respiration and various biochemical processes.