For the Following Question(s), Suppose That an Economy Produces Only

question 71

Multiple Choice

For the following question(s) , suppose that an economy produces only food and clothing, and that price and quantity data
are given in the table below.
-Suppose that Year 1 is the base year. Year 2 real GDP is

• A)$450.
• B)$200.
• C)$390.
• D)$270.
• E)$310.

---

Definitions:

Due Process

The principle that an individual cannot be deprived of life, liberty, or property without appropriate legal procedures and safeguards.

Fifth Amendment

An amendment to the U.S. Constitution that provides several protections for individuals, including protection against self-incrimination and double jeopardy, and the Takings Clause.

Judicial Review

A process by which courts examine the actions of the executive and legislative branches to ensure they comply with the constitution or legal standards.

Government Bodies

Organized groups or institutions that have authority to make decisions, laws, and policies for a particular area or community.