Use the Following to Answer Questions

question 79

Multiple Choice

Use the following to answer questions:
Scenario: Real GDP
Suppose that in year 1 an economy produces 100 golf balls that sell for $3 each and 75 pizzas that sell for $8 each. The next year the economy produces 110 golf balls that sell for $3.25 each and 80 pizzas that sell for $9 each.
-(Scenario: Real GDP) Look at the scenario Real GDP. The value of nominal GDP in years 1 and 2 respectively is:

• A)$900 and $1,077.50.
• B)$900 and $990.
• C)$180,000 and $257,400.
• D)$1,000 and $1,005.

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Definitions:

Physical Dependence

A physiological state of adaptation to a substance, resulting in withdrawal symptoms when that substance is reduced or removed.

Activation-Synthesis Hypothesis

Premise that states that dreams are created by the higher centers of the cortex to explain the activation by the brain stem of cortical cells during REM sleep periods.

Sleep Deprivation

The condition of not having enough sleep, which can lead to a range of psychological and physical problems, including impaired judgment, mood swings, and reduced cognitive performance.

Memory

The cognitive process that involves encoding, storing, and retrieving information.