The Next Questions Refer to the Following Hypothetical Economy

question 17

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-weighted prices with year one as the base year,real GDP in years one,two,and three respectively was

• A) 5000, 6428, 6299
• B) 5000, 6700, 7200
• C) 6000, 6800, 7400
• D) 6320, 8900, 8800
• E) 6083, 8070, 7909

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Definitions:

Cause-Effect Relationship

A cause-effect relationship is a relationship where one event causes another to happen, often used in scientific and philosophical discussions to explain the nature of interactions.

Parenting Styles

Classified ways in which parents raise and manage their children, often categorized into styles such as authoritarian, authoritative, permissive, and uninvolved.

Frontal Lobes

Regions of the brain located at the front of each cerebral hemisphere, responsible for executive functions like decision making, problem-solving, and controlling behavior.

Limbic System

A complex system of nerves and networks in the brain, involving several areas near the edge of the cortex concerned with instinct and mood. It controls the basic emotions and drives.