Use the Following to Answer Questions

question 398

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 growth rate of nominal GDP from year 1 to year 2 is:

• A)10%.
• B)7.8%.
• C)19.7%.
• D)8.8%.

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Definitions:

Risky Activity

Activities that involve a significant risk of harm or injury to the person engaging in them or to others, often characterized by unpredictability and potential negative outcomes.

Cognitive Maturity

The stage of development at which an individual has acquired the mental capacity to make fully reasoned decisions and understand consequences.

Reproductive Development

The biological and physiological process by which humans reach sexual maturity and gain the ability to reproduce.

Ejaculation

The process of ejecting semen from the body, typically accompanying orgasm in males.