(Advanced Analysis) Only Three Goods Are Produced in an Economy

question 93

Multiple Choice

(Advanced analysis) Only three goods are produced in an economy in the following amounts: A = 10, B = 30, C = 5.The current year per-unit prices of these three goods are A = $2, B = $3, and C = $1.If the per-unit prices of the three goods were each $1 in a base year used to construct a GDP price index, then the GDP price index in the current year is

• A)205.5.
• B)255.5.
• C)39.3.
• D)100.

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Definitions:

Effective Conditioning

A learning process in which a response becomes more frequent or predictable in a given environment due to reinforcement.

CS Precedes US

In classical conditioning, the conditioned stimulus (CS) is presented before the unconditioned stimulus (US) to establish a conditioned response.

0.5 Seconds

A time measurement equal to half a second, often used in various scientific and contextual scenarios to describe very short durations.

Relearning

The process of learning material or skills that were previously learned and then forgotten.