Harry's Pepperoni Pizza Parlor Produced 10,000 Large Pepperoni Pizzas Last

question 88

Multiple Choice

Harry's Pepperoni Pizza Parlor produced 10,000 large pepperoni pizzas last year that sold for $10 each.This year Harry's again produced 10,000 large pepperoni pizzas (identical to last year's pizzas) but sold them for $12 each.Based on this information we can conclude that Harry's production of large pepperoni pizzas this year:

• A) increased nominal GDP by $20,000 but left real GDP unchanged.
• B) increased nominal GDP by $120,000 and increased real GDP by $100,000.
• C) left nominal GDP unchanged but increased real GDP by $20,000.
• D) increased nominal GDP by $120,000 but left real GDP unchanged.

---

Definitions:

Fluid Intelligence

The ability to think logically and solve problems in novel situations, independent of acquired knowledge.

Creative Thinker

An individual who is able to think in unique and unconventional ways, often leading to novel solutions or innovative ideas.

Longitudinal Study

A research approach that follows the same subjects over a period of time, allowing for the observation of changes or developments in the subject matter.

Stability and Change

Refers to the dynamic nature of systems, processes, or entities where certain attributes remain constant while others vary over time.