Final answer:
Graduated Driver License fines differ by location and there's no universal cost provided by the options in the question. Instead the example provided illustrates how insurance premiums work by covering accident costs with collective driver contributions.
Step-by-step explanation:
The cost of Graduated Driver License (GDL) fines can vary significantly across different jurisdictions. The options provided (a) $50, (b) $150, (c) $100, and (d) $75 do not reflect a single correct figure that applies universally. Insurance premiums and fines are both related to driving, but they serve different purposes.
Fines are punitive, while insurance premiums are preventive and meant to cover potential costs. An example of how insurance works can be illustrated by a group of 100 drivers, with differing risk levels, contributing to a total damage cost of $186,000 from accidents. In this case, if each driver pays a premium of $1,860, it would collectively cover the costs of the damages incurred.