Table 19-9 -Refer to Table 19-9

question 44

Essay

Table 19-9
$$\begin{array} { | l | c | c | } \hline \text { Product } & \text { Quantity } & \begin{array} { c } \text { Price per } \\\text { Unit }\end{array} \\\hline \text { Steel } & 1,000 & \$ 100 \\\hline \text { iPods } & 5,000 & 200 \\\hline \text { Autos } & 500 & 25,000 \\\hline \text { Legal services } & 100 & 2,000 \\\hline\end{array}$$
-Refer to Table 19-9.Suppose that the above table represents the goods and services produced in a very simple economy in 2016.Assume that steel is used as an input in the production of autos.Using that information,calculate GDP for the year 2016.

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Definitions:

Gestalt Psychologists

Psychologists who emphasize viewing the mind and behaviors as wholes rather than through the combination of various elements, known for the phrase "the whole is greater than the sum of its parts."

George Seurat

A French post-impressionist painter known for devising the painting techniques known as chromoluminarism and pointillism, and his work 'A Sunday Afternoon on the Island of La Grande Jatte'.

Karel Dujardin

A 17th-century Dutch painter known for his works in pastoral landscapes, animals, and genre scenes.

Jan Steen

A 17th century Dutch painter known for his lively and humorous scenes of daily life, part of the Dutch Golden Age of Painting.