Table 19-18 A Very Simple Economy Produces Three Goods: Cameras,legal Services,and Books

question 42

Multiple Choice

Table 19-18
$$\begin{array} { | l | c | c | c | c | } \hline & \mathbf { 2 0 1 1 } & & \mathbf { 2 0 1 6 } & \\\hline \text { Product } & \text { Quantity } & \text { Price } & \text { Quantity } & \text { Price } \\\hline \text { Camera } & 100 & \$ 10 & 120 & \$ 12 \\\hline \text { Legal services } & 50 & 15 & 45 & 20 \\\hline \text { Books } & 200 & 40 & 210 & 45 \\\hline\end{array}$$ A very simple economy produces three goods: cameras,legal services,and books.The quantities produced and their corresponding prices for 2011 and 2016 are shown in the table above.
-Refer to Table 19-18.What is real GDP in 2016,using 2016 as the base year?

• A)$28,885
• B)$11,790
• C)$11,200
• D)$10,275

---

Definitions:

Marital Breakdown

Refers to the process by which a marriage deteriorates to the point where the couple decides to separate or divorce.

Canada's Divorce Act

The legal legislation governing divorce in Canada, outlining the grounds and procedures for legally ending a marriage.

Physical Cruelty

Actions that cause physical harm or suffering to others, including animals, often indicative of abuse or violence.

Living Apart

Refers to the lifestyle choice or circumstance where individuals in a relationship choose to maintain separate residences to preserve individual space, independence, or for logistical reasons.