Table 8-18 a Very Simple Economy Produces Three Goods: Cameras,legal

question 119

Multiple Choice

Table 8-18
A very simple economy produces three goods: cameras,legal services,and books.The quantities produced and their corresponding prices for 2008 and 2013 are shown in the table above.
-Refer to Table 8-18.What is real GDP in 2013,using 2008 as the base year?

• A)$28,885
• B)$11,790
• C)$11,200
• D)$10,275

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Definitions:

Interposition

A visual cue in which one object partially covers another, leading to the perception of depth and order in visual space.

Parapsychology

The study of paranormal phenomena, including ESP and psychokinesis.

Psychokinesis

The claimed ability to move or manipulate objects with the mind without physical interaction.

ESP

Extrasensory perception, the ability to gain information about an object, person, location, or physical event through means other than the known human senses.