The Next Questions Refer to the Following Hypothetical Economy

question 10

Multiple Choice

The next questions refer to the following hypothetical economy
In one year, an economy produces 100 units of capital goods, which sell for $30 each, and 200 units of consumer goods, which sell for $10 each. In the second year, 150 units of capital are produced, and sold for $20 each, while 220 units of consumer goods are produced and sold for $20 each. In the third year, 160 units of capital are sold for $30 each, and 200 units of consumer goods are sold for $20 each.
-Using chain weights,between years one and two real GDP grew by

• A) 48%
• B) 40%
• C) 34%
• D) 29%
• E) 23%

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Definitions:

Ultrasonography

A diagnostic medical procedure that uses high-frequency sound waves to produce images of structures within the body.

Angiocardiogram

An imaging test that uses X-rays to visualize the heart’s chambers and blood vessels.

Radiation

Energy emitted in the form of waves or particles, used in a variety of applications including medical imaging and cancer treatment.

Irradiation

Exposure to radiation, often for the purpose of medical treatment or food preservation.