Examine the following data for a hypothetical centrally planned economy that subsequently frees prices: 
(A)Assume that higher education and cereal are the only goods and services produced in this economy.Calculate GDP under the controlled prices and under market prices,assuming the quantities do not change.Did government-set prices result in an under- or overvaluation of production on the whole?
(B)How do people value each good in relation to previously controlled prices?
Definitions:
Older Adults
Individuals in a later stage of life, often considered to be the age group of 65 years and older, who may face unique health and social challenges.
Afterlife
The belief in or concept of a life following death, where the essence of a person's being continues in another form or in another place.
Near-Death Experiences
Profound psychological events often occurring in individuals who are close to death or in situations of extreme physical or emotional distress.
Hopefulness
A feeling or state of optimism and expectation about future outcomes being positive or beneficial.
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