Table 8-18 a Very Simple Economy Produces Three Goods: Cameras,legal

question 74

Multiple Choice

Table 8-18
A very simple economy produces three goods: cameras,legal services,and books.The quantities produced and their corresponding prices for 2011 and 2016 are shown in the table above.
-Refer to Table 8-18.What is real GDP in 2016,using 2016 as the base year?

• A)$28,885
• B)$11,790
• C)$11,200
• D)$10,275

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Definitions:

Power

The ability or capacity to direct or influence the behavior of others or the course of events.

DSM-II

The second edition of the Diagnostic and Statistical Manual of Mental Disorders, published by the American Psychiatric Association as a standard classification of mental disorders.

Homosexuality

An orientation describing those who experience romantic or sexual feelings towards people of their own gender.

Diagnostic and Statistical

This term seems incomplete and might refer to the "Diagnostic and Statistical Manual of Mental Disorders (DSM)," a guide for diagnosing mental disorders.