For the Following Questions, Suppose an Economy Produces Only Food

question 25

Multiple Choice

For the following questions, suppose an economy produces only food and clothing, and that price and quantity data are given in the table below.


-For the following questions,suppose an economy produces only pens and pencils,and that the quantity and price data is given by this table
What is the real GDP in year 2 using base year 1?

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Definitions:

Feelings Of Inadequacy

Emotional states reflecting a lack of confidence or belief in one's own abilities or worth.

Infantile Thoughts

Primitive or early-stage cognitive processes often associated with or characteristic of infancy and early childhood.

Unconsciously

Without conscious awareness, done automatically or without intentional control.

Behaviors

Actions or reactions of an organism, often in response to its environment, which can be observed and measured.