Suppose That the Following Table Represents the Goods and Services

question 115

Essay

Suppose that the following table represents the goods and services produced in a very simple closed economy in 2018.Assume that steel is used as an input in the production of cars.Using that information,calculate the GDP for the year 2018.
$$\begin{array} { | l | c | c | } \hline { \text { Product } } & \text { Quantity } & \text { Price } \\\hline \text { Steel } & 1500 & \$ 100 \\\hline \text { iPhones } & 5000 & \$ 300 \\\hline \text { Cars } & 500 & \$ 25000 \\\hline \text { Legal services } & 100 & \$ 2000 \\\hline\end{array}$$ _____________________________________________________________________________________________
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Definitions:

Neural Darwinism

Hypothesis that the processes of cell death and synaptic pruning are, like natural selection in species, the outcome of competition among neurons for connections and metabolic resources in a neural environment.

Synaptic Pruning

The process of eliminating weaker synaptic contacts while strengthening others to improve the efficiency of neuronal communication.

Cell Death

The process by which a cell ceases to function and is systematically eliminated, an essential part of an organism's growth and development; it can be programmed (apoptosis) or result from injury (necrosis).

Amygdala

A region of the brain primarily involved in the processing of memory, decision-making, and emotional responses.