A hypothetical economy produces only two items: maple syrup and trips to a local tourist attraction. Calculate nominal GDP, real GDP, and the GDP deflator, and fill in the corresponding columns in the following table:
Definitions:
Social
Relating to society or its organization, focusing on interactions, relationships, and the dynamics within groups of people.
Private Speech
Self-directed speech by individuals, especially children, which serves as a tool for thinking and self-regulation.
Egocentric
Focused on oneself and one's own needs or interests, often without regard for others.
Social Speech
Speech intended to be understood by a listener.
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