Table 19-6 -Refer to Table 19-6

question 198

Multiple Choice

Table 19-6
$$\begin{array} { | l | c | c | } \hline { \text { Product } } & \text { Quantity } & \text { Price per Unit } \\\hline \text { Coke } & 10,000 & \$ 2 \\\hline \text { iPhones } & 2,000 & 150 \\\hline \text { Backpacks } & 4,000 & 25 \\\hline \text { Hershey bars } & 8,000 & 1 \\\hline\end{array}$$
-Refer to Table 19-6.Consider the table of production and price statistics for a small economy in 2013.If the economy only produces the four goods listed below,what is GDP for 2013?

• A)$428,000
• B)$267,000
• C)$24,000
• D)$1,424

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Definitions:

Subjects

Individuals or entities that are the focus of scientific research or experiments.

Festinger's Social Comparison Theory

A psychological theory proposing that individuals determine their own social and personal worth based on how they compare themselves to others.

Evaluate Beliefs

The process of examining and assessing one's own beliefs or the beliefs of others for validity, consistency, and logic.

Need for Power

The need for power is a psychological drive that motivates individuals to seek control or influence over others or their environment.