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.

---

Definitions:

Levels of Disillusionment

The stages or extent to which an individual becomes disenchanted with their perceptions or beliefs.

Uncertainty Avoidance

A cultural dimension that describes the degree to which people in a society are comfortable with uncertainty and ambiguity.

Feminine Culture

A societal characteristic where qualities traditionally associated with women, such as cooperation, empathy, and caring, are highly valued.

Power Distance

Power distance is a cultural dimension that describes the extent to which individuals in a society accept and expect that power is distributed unequally.