Only Three Goods Are Produced in an Economy in the Following

question 11

Multiple Choice

Only three goods are produced in an economy in the following amounts: A = 10,B = 30,C = 5.The current year per unit prices of these three goods are A = $2,B = $3,and C = $1.
-Refer to the above information.If the per unit prices of the three goods each were $1 in a base year used to construct a GDP price index,then real GDP in the current year:

• A) is $110.
• B) is $115.
• C) is $45.
• D) cannot be determined on the basis of this data.

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Definitions:

Difficult Temperament

A behavioral profile characterized by high reactivity and difficulty adapting to changes or regulating emotions.

Slow-To-Warm-Up

A temperament trait describing individuals who are typically cautious and less engaging in new situations but gradually become more comfortable with exposure.

Phobic Disorder

A type of anxiety disorder characterized by an extreme, irrational fear of specific situations, objects, or activities, leading to avoidance behaviors.

Realistic Danger

A situation or condition that poses a genuine threat to a person's safety or well-being, requiring appropriate caution or action.