Suppose There Are Five Goods in the Economy,A-E

question 89

Multiple Choice

Suppose there are five goods in the economy,A-E.The current-year quantity of each is 10A,20B,30C,40D,and 50E.Current-year prices are $1 for each unit of A,$2 for each unit of B,$3 for each unit of C,$4 for each unit of D,and $5 for each unit of E.Base-year prices are $1 for each good.Real GDP in the current year equals

• A) $100.
• B) $130.
• C) $150.
• D) $180.
• E) $550.

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Definitions:

FLACC Tool

A behavioral scale used to assess pain in children who are unable to verbally communicate, considering factors like facial expression, leg movement, activity, cry, and consolability.

FACES Pain Rating

A visual scale for assessing pain intensity, often using faces ranging from smiling (no pain) to crying (worst pain).

Numeric Scale

A sequence of numbers used to measure or rate the level of something, such as pain.

Oucher Scale

A pain rating scale designed for children, using photographs and numerical scales to quantify pain intensity.