Use the Following Table for a Hypothetical Single-Product Economy Refer to the Data

question 13

Multiple Choice

Use the following table for a hypothetical single-product economy. $\begin{array}{c}\begin{array}{c}\\\underline{\text { Year }} \\ 1 \\2 \\3 \\4\end{array}\begin{array}{c}\text {Units of}\\\underline{\text { Output}}\\10\\12\\15\\20\end{array}\begin{array}{c}\text { Price of Bagel}\\\underline{\text { Per Unit}}\\\$ 10\\20\\ 30\\ 40\end{array}\begin{array}{c}\text {Price Index}\\\underline{\text {( Year 1=100) }}\\100\\200\\300\\400\end{array}\end{array}$
Refer to the data.Nominal GDP in year 3 is:

• A) $100.
• B) $450.
• C) $225.
• D) $150.

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Definitions:

Dual Labor Market

A theory suggesting that the labor market is divided into two segments: the primary sector with good jobs and high wages, and the secondary sector with lower pay and less job security.

Gender Expectations

are the societal norms and beliefs about the behaviors, roles, and attributes that are considered appropriate for men and women.

Fundamentalist Practices

Strict adherence to specific doctrines, beliefs, or rituals, often within a religious context, typically opposing modernist interpretations or changes.

Patriarchal View

A social system perspective where males hold primary power and dominate in roles of political leadership, moral authority, and control over property.