If the Price of a Dress Is Three Times the Price

question 15

Multiple Choice

If the price of a dress is three times the price of a pair of shoes,then a pair of shoes contributes

• A)exactly one-third as much to GDP as does a dress.
• B)more than one-third as much to GDP as does a dress.
• C)less than one-third as much to GDP as does a dress.
• D)exactly one-fourth as much to GDP as does a dress.

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Definitions:

Further Processing

Additional processing or manufacturing operations performed on a product to enhance its value before final sale.

Capacity

The maximum level of output that a company can sustain to produce goods or services under a given set of conditions.

Net Loss

The amount by which total expenses exceed total revenues in a company during a specific period, indicating a financial loss.

Discontinue

To discontinue means to stop producing, selling, or providing a product or service, often permanently.