In 2011,the Imaginary Nation of Maconia Had a Population of 8,200

question 27

Multiple Choice

In 2011,the imaginary nation of Maconia had a population of 8,200 and real GDP of 210,500.Maconia had 5% growth in real GDP per person.In 2012 it had a population of 8,400.To the nearest dollar what was real GDP in Maconia in 2012?

• A)216,815
• B)221,025
• C)226,416
• D)None of the above is correct.

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Definitions:

Hard Bargaining

A negotiation strategy involving firm stands on demands and little willingness to compromise.

Reciprocity

A principle of mutual exchange in social relations where benefits or services are returned in kind.

Consuming Goods

The act of using up or buying products and services to fulfill human needs or desires.

Distribution

The process by which goods, resources, or information are spread or disseminated across different locations or groups.