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

question 235

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.Real GDP in 2012 is equal to

• A)$800.
• B)$640.
• C)$625.
• D)$500.
• E)$200.

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Definitions:

Full-scale War

Full-scale war involves extensive military engagement between nations or large groups, utilizing the full capacity of available weapons and resources.

Union

An organization formed by workers in various sectors to protect and advance their rights, wages, and working conditions.

Closed Shop

A workplace where only members of a particular union are hired and where being a member of the union is a condition for employment.

Agency Shop

is a workplace where employees are not required to join the union, but must still pay union dues as the union negotiates on behalf of all employees.