Refer to the Following Table When Answering the Following Questions

question 71

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 2018 is:

• A) $9,025.
• B) $8,500.
• C) $8,600.
• D) $9,150.
• E) $8,475.

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Definitions:

Language Development

The process by which individuals acquire the ability to perceive, produce, and use words to understand and communicate.

Conservation-of-number Task

A concept in cognitive development, assessed through tasks where children determine that quantity doesn’t change even if appearance does.

Familiar Objects

Items or elements that are well known or easily recognized by a person based on past experiences or encounters.

Extensive Practice

A learning method involving repeated exercises or training sessions over a long period to master a skill or knowledge.