Examlex
For the following question(s) , suppose an economy produces only pens and pencils, and that the quantity and price data is given by this table:
-What is the real GDP in year 1 using base year 2?
Foreland Basin
A foreland basin is a structural depression that forms adjacent to a mountain range due to flexural subsidence, filling with sediments eroded from the associated orogeny (mountain-building process).
Back-Arc Rifting
A geological process in which the crust behind a volcanic arc stretches and thins, often leading to the formation of a new ocean basin.
Michigan Basin
A geological basin in the United States characterized by layers of sedimentary rock, indicative of its history as an ancient sea bed.
Continental Rifting
The process by which a continent stretches and splits along a linear belt, leading to the formation of new oceanic crust.
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