Suppose a country produces only two goods, pizza and soda. Given the information in the table below, nominal GDP, real GDP, and the GDP deflator in 2005 are (assume 2004 is the base year):

Suppose, there are 7 of your friends who want to eat pizza (8 distinct people in total). You order a 16-cut pizza (16 identical slices). How many distributions of pizza slices are there if each person gets at least one slice of pizza?

A

346

B

6435

C

3214

D

765

If nominal GDP equals $5,000 and real GDP equals $4,000, then the GDP Deflator equals

A

125

B

1.25

C

800

D

.8

If nominal GDP equals $6,000 and the GDP deflator equals 200, then real GDP equals

A

$30

B

$3,000

C

$12,000

D

$1,200

If the area of a smalll pizza is 78.5 in2 , what size pizza box would best fit the small pizza? (Note: pizza boxes are measured according to the length of one side.)

A

12 in

B

11 in

C

9 in

D

10 in

The GDP Deflator differs from the CPI in that the GDP Deflator

A

is thought to slightly overestimate the inflation rate

B

uses base year quantities in its calculations

C

incorporates both current year prices and base year prices

D

incorporates current year quantities in its calculations

Read the following information and answer the following questions below. In a class of 90 students, 80 students like burger or pizza.
62 like burger and 56 like pizza. How many like both burger and pizza?

A

24

B

38

C

32

D

18

Read the following information and answer the following questions below. In a class of 90 students, 80 students like burger or pizza.
62 like burger and 56 like pizza. How many like neither burger nor pizza?

A

10

B

28

C

16

D

14

If the area of a small pizza is 78.5 in. what size pizza box would best fit the small pizza?

A

12 in

B

11 in

C

9 in

D

10 in

Three friends shared a pizza. Tim ate 2/6 of the pizza, kate ate 3/6 . How much pizza is left ?

A

16

B

13

C

12

D

0.50

Shawn ordered pizza online. He received the pizza 15 minutes before the scheduled delivery time. He also received cash back on the amount he had paid for the pizza. What can you infer?

A

Customer expectation of the service is less than customer perception of the service

B

Customer expectation of the service is equal to the customer perception of the service

C

Customer expectation of the service is greater than customer perception of the service

D

Customer expectation of the service and customer perception of the service cannot be compared

Suppose a country produces only two goods, pizza and soda. Given the information in the table below, nominal GDP, real GDP, and the GDP deflator in 2005 are (assume 2004 is the base year):

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