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Consider the Following Data to Answer the Questions That Follow

question 104

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Consider the following data to answer the questions that follow.
Consider the following data to answer the questions that follow.    -If these are the only five countries in the world,then country B produces _______ of world GDP. A)  50% B)  25% C)  20% D)  62.5% E)  30%
-If these are the only five countries in the world,then country B produces _______ of world GDP.


Definitions:

Pollution Tax

A financial charge imposed on the emission of pollutants, intended to motivate reductions in harmful environmental discharges.

Unit of Production

A single complete item or a specified amount of a commodity produced.

Positive Externality

An economic situation where a third party benefits from a transaction or activity they are not directly involved in.

Negative Externality

A cost suffered by a third party due to an economic transaction or activity, without compensation, such as pollution from a factory affecting nearby residents.

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