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On the planet Homogenia, every consumer who has ever lived consumes only two goods, x and y, and has the utility function U (x, y) = xy.The currency in Homogenia is the fragel.In this country in 1900, the price of good 1 was 1 fragel and the price of good 2 was 2 fragels.Per capita income was 96 fragels.In 2000, the price of good 1 was 4 fragels and the price of good 2 was 5 fragels.The Laspeyres price index for the price level in 2000 relative to the price level in 1900 is
Nation-States
are sovereign political entities characterized by a defined territory, government, and population with a shared sense of cultural identity.
Disjunctures
Occurrences of disconnection or division between elements, ideas, or systems that were previously or conventionally linked.
Appadurai's Landscapes
Arjun Appadurai's concept of fluid, global cultural flows affecting identity, economy, and politics, categorized into ethnoscapes, mediascapes, technoscapes, financescapes, and ideoscapes.
Nation-States
Political entities consisting of a clearly defined territory and a government that has sovereignty over its internal and foreign affairs.
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