Use the Following to Answer Question

question 329

Multiple Choice

Use the following to answer question:
Figure: A Budget Constraint for CDs and Movies
-(Figure: A Budget Constraint for CDs and Movies) Look at the figure A Budget Constraint for CDs and Movies. Chantal likes to spend her weekly income on new CDs and tickets to see movies. The price of a CD is $12 and the movie ticket price is $10. The graph shows Chantal's budget line. What is her weekly income?

• A) $240
• B) $100
• C) $120
• D) $22

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Definitions:

Trade Surplus

A situation where a country's exports exceed its imports in value over a certain period of time.

Gross Domestic Product

The total value of all goods and services produced within a country's borders over a specific time period, used as a measure of economic performance.

Exports

Goods or services produced in one country and sold to buyers in another, contributing to international trade and economic globalization.

Intangibility

Intangibility refers to the characteristic of services that cannot be seen, touched, or physically measured, making them difficult to evaluate before purchase.