Table 12-8 -Refer to Table 12-8

question 44

Essay

Table 12-8
$\begin{array}{|l|c|r|}\hline \text { Product } & \text { Quantity } & \text { Price } \\\hline \text { Sweaters } & 50 & \$ 50.00 \\\hline \text { CDs } & 150 & 10.00 \\\hline \text { Sugar } & 600 & 1.00 \\\hline \text { Soft drinks } & 800 & 0.75 \\\hline\end{array}$
-Refer to Table 12-8.Suppose that a simple economy produces only four goods and services: sweaters,CDs,sugar,and soft drinks.Assume one half of the sugar is used in making the soft drinks and the other half of the sugar is purchased by households.Calculate nominal GDP for this simple economy.

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Definitions:

Adjourning

The final stage in group development where the group completes its tasks and dissolves.

Team Development

The process of improving the effectiveness and performance of a team through various stages of growth, communication, and skill-building.

Adjourning Stage

The final phase in team development where the team completes its task and may disband or transition to other projects.

Debrief the Project

A formal discussion held after completing a project to review its outcomes, successes, challenges, and learnings.