The Table Below Indicates the Price and Output Data Over

question 1

Multiple Choice

The table below indicates the price and output data over a five year period for an economy that produces only one good.

-Refer to the above data.If year 2 is the base year,the percentage increase in real GDP from year 2 to year 4 is:

• A) 40 percent.
• B) 60 percent.
• C) 100 percent.
• D) 80 percent.

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Definitions:

Trust Property

Refers to assets held in a trust, managed by a trustee on behalf of the beneficiaries of the trust according to the terms of the trust agreement.

Resulting Trust

A trust that is implied by law to effectuate the presumed intention of the parties involved, often arising when a property transfer does not fit the characteristics of an express trust.

Settlor's Intent

The purpose or intention expressed by a settlor when creating a trust, directing how the trust assets should be managed and distributed.

Unjust Enrichment

A legal principle where one person benefits at another's expense without legal justification, prompting a remedy to correct the imbalance.