-Bananaland Produces Only Bananas and Sunscreen and the Quantities and Prices

question 227

Multiple Choice

-Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are given in the table above.The base year is 2012.Nominal GDP in 2012 is equal to

• A)$500.
• B)$625.
• C)$640.
• D)$800.
• E)$100.

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Definitions:

Distributive Justice

A principle concerning the fair allocation of goods, resources, and burdens among members of a society.

Overtime Opportunities

Situations or options available within a workplace that allow employees to work beyond their regular hours for additional compensation.

Verbal Warning

An oral notice given to an employee about a performance or behavior issue that needs improvement.

Self-Identity

An individual's perception of themselves, formed by personal experiences, social relationships, and culture.