Refer to the Following Table When Answering the Following Questions

question 87

Multiple Choice

Refer to the following table when answering the following questions. In this economy, only two goods are produced: video games and pistachios.
Table 2.3: National Income Accounting
-Consider Table 2.3. Using the Laspeyres index, the real GDP in 2017 is:

• A) $8,900.
• B) $8,500.
• C) $1,500.
• D) $15,500.
• E) $9,150.

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Definitions:

Conservation

In cognitive development, the understanding that an object retains its properties even when its form or appearance changes.

Qualitatively Different

A term used to describe differences that cannot be measured by numbers alone, often involving distinct categories or types rather than amounts or degrees.

Environmental Influences

Factors outside the individual, such as social, cultural, and physical environments, that affect behaviors, attitudes, and development.

Schemas

Mental structures that an individual uses to organize knowledge and guide cognitive processes and behavior.