Table 23-7
a Country Produces Only Ice Cream and Cake

question 135

Essay

Table 23-7
A country produces only ice cream and cake in the quantities and prices listed below. Use 2011 as the base year.
$$\begin{array} { | l | l | l | l | l | } \hline \text { Year } & \begin{array} { l } \text { Price of Ice } \\\text { Cream }\end{array} & \begin{array} { l } \text { Quantity of Ice } \\\text { Cream }\end{array} & \text { Price of Cake } & \begin{array} { l } \text { Quantity of } \\\text { Cake }\end{array} \\\hline 2011 & \$ 2.00 & 200 & \$ 10 & 40 \\\hline 2012 & \$ 2.30 & 250 & \$ 14 & 50 \\\hline 2013 & \$ 2.75 & 280 & \$ 18 & 80 \\\hline\end{array}$$
-Refer to Table 23-7. Calculate real and nominal GDP for the year 2012.

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Definitions:

Unbearable Anxiety

Intense feelings of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome, that is overwhelming and difficult to manage or endure.

Strict Ritual

Strict ritual involves a set of fixed actions and often formal ceremonies conducted regularly, typically for religious or cultural purposes.

Agoraphobia

An anxiety disorder characterized by an irrational fear of being in open or unfamiliar places, leading to avoidance of such situations.

Avoidance

Avoidance refers to a behavior aimed at preventing unpleasant experiences or outcomes.