Examlex
The table below gives the quantities and prices for 2000 and 2010 for an economy that produces just two goods: sailboats and coconuts. For this economy that produces just sailboats and coconuts, and with 2000 is the base year, real GDP was approximately ______ times larger in 2010 than it was in 2000.
Business Owners
Individuals who own and operate a business, assuming both the risks and rewards associated with running the enterprise.
Government Involvement
The participation or intervention of a governmental body in various aspects of society, including the economy, education, and public policy.
Social Crisis
A situation that leads to significant disruption or harm to a society, potentially arising from economic, political, or environmental challenges.
Privatized System
A setup where services or enterprises once operated by the government are transferred to private sector control and ownership.
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