The following table contains prices and quantities for the three goods produced in the country of Linfieldia.
-Refer to the table above.Assuming 2015 is the base year,what is real GDP for 2014?
Definitions:
Doctrine of Promissory Estoppel
A legal principle that prevents a promisor from retracting a promise that the promisee has relied upon, resulting in a significant change of position.
Disputed Debt
A disagreement between a creditor and a debtor over the existence, amount, or terms of repayment of a debt.
Mutual Assent
refers to the agreement between parties in a contract, shown by a valid offer and acceptance, which is required for a contract to be enforceable.
Valid Consideration
Valid Consideration is a necessary component of a legally binding contract, involving something of value exchanged between the parties involved.
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