The Table Below Gives the Quantities and Prices for 2000

question 132

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. $$\begin{array}{c}{ \text { Quantity produced } } \quad\quad\quad { \text { Price } } \\\begin{array} { | l | c | c | c | c | } \hline & \mathbf { 2 0 0 0 } & \mathbf { 2 0 1 0 } & \mathbf { 2 0 0 0 } & \mathbf { 2 0 1 0 } \\\hline \text { Sailboats } & 10 & 20 & \$ 500 & \$ 525 \\\hline \text { Coconuts } & 2,000 & 2,400 & \$ 1 & \$ 2 \\\hline\end{array}\end{array}$$
For this economy that produces just sailboats and coconuts,and with 2000 is the base year,nominal GDP was approximately ______ times larger in 2010 than it was in 2000.

• A)1.34
• B)1.65
• C)1.77
• D)2.19

Understand the significance of forecasting and innovation in business strategy.

Grasp different Internet business models and their basis of competitive advantage.

Know the components of a SWOT analysis and its role in strategic management.

Understand the strategic management process and the importance of adaptability and communication in strategy implementation.

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Definitions:

Intended Third-party Beneficiary

A person who is not directly involved in a contract but is intended by the contracting parties to benefit from the contract.

Delegation

The process of allocating or assigning authority and responsibilities from one individual or group to another within an organization.

Duties

Responsibilities or obligations imposed by law or by the terms of a contract.

Gender Roles

The social and behavioral norms that are considered appropriate for individuals of a specific sex within a given culture, influencing aspects of daily life and personal identity.