If You Could Exactly Afford Either 2 Units of X

question 3

Multiple Choice

if you could exactly afford either 2 units of x and 7 units of y, or 4 units of x and 3 units of y, then if you spent all of your income on y, how many units of y could you buy?

• A)11
• B)7
• C)15
• D)6
• E)None of the above.

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Definitions:

GDP

The total worth of all goods and services produced within a country during a given time frame is defined as Gross Domestic Product, reflecting the nation's economic activity.

Buyer

An individual or entity that purchases goods or services for personal use or in the course of business operations.

Seller

An individual, company, or entity that provides goods or services to buyers in exchange for money or other compensation.

Economy's Income

The total wealth and resources generated and distributed within an economy.