Use the Following to Answer Questions

question 27

Multiple Choice

Use the following to answer questions :
-(Table: Kenya's Economy in 2010) Look at the table Kenya's Economy in 2010. Aggregate output per capita at the beginning of 2010 was:

• A)$5,000.
• B)$10,000.
• C)$775.
• D)$7,750.

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Definitions:

Market Equilibrium

A state where the supply of goods matches demand, leading to a stable price level for those goods.

Average Total Cost

The sum of all production expenses (both fixed and variable) divided by the overall output.

Total Variable Cost

The cumulative expenses that change in proportion to the level of goods or services produced.