Bob's Barber Shop Gave 3,000 Haircuts in the Year 2011

question 149

Multiple Choice

Bob's Barber Shop gave 3,000 haircuts in the year 2011 and 3,100 in the year 2012.The price of a haircut was $7 in 2011 and $8 in 2012.If the year 2011 is the base year,what was Bob's contribution to nominal GDP in the year 2012?

• A) $21,000.
• B) $21,700.
• C) $24,000.
• D) $24,800.
• E) $25,000.

Recognize the role of working memory and how it changes with age.

Understand the ethical considerations and psychological impacts associated with disclosing a dementia diagnosis.

Understand the scope and application of the Truth in Lending Act (TILA) and its provisions relevant to variable interest rates and consumer credit.

Recognize the limitations and applications of the FTC's Telemarketing Sales Rule and its impact on telemarketers and sellers.

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Definitions:

Speedpass+

An app-based payment and loyalty system that allows customers to pay for goods and services from their mobile devices, primarily used at gas stations.

Exxon

A multinational oil and gas corporation headquartered in the United States, known for its significant impact on the energy sector.

RFID

Radio-Frequency Identification (RFID) is a technology used to automatically identify and track tags attached to objects using electromagnetic fields. It is used for inventory management, tracking, access control, and a multitude of other applications.

Medium-Range Wireless Networks

Wireless networks designed to cover areas larger than short-range networks like Bluetooth but not as extensive as long-range networks, typically used in local area networks (LANs).