Use the Following to Answer Questions

question 327

Multiple Choice

Use the following to answer questions :
Table: Pizza Economy III

-(Table: Pizza Economy III) Look at the table Pizza Economy III. Considering 2010 as the base year, real GDP in 2011 was:

• A)$47,000.
• B)$69,000.
• C)$72,000.
• D)$114,000.

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Definitions:

Gnome Molds

Tools or containers used to shape garden gnome statues during their production process.

Plaster

A mixture of water, lime, or gypsum, sand, and possibly other materials, used in construction and repair of buildings for coatings, molding, or casting surfaces.

Labor

The human effort, both physical and mental, used in the creation of goods and services.

Positive Supply

A situation in which the quantity of goods or services offered for sale increases as the price increases, adhering to the law of supply.