Suppose an Economy Produces Only Eggs and Ham

question 24

Multiple Choice

Suppose an economy produces only eggs and ham.In 2009,100 dozen eggs are sold at $3 per dozen and 50 pounds of ham sold at $4 per pound.In 2010,the base year,eggs sold at $1.50 per dozen and ham sold at $5 per pound.For 2009,

• A)nominal GDP is $400,real GDP is $500,and the GDP deflator is 80.
• B)nominal GDP is $400,real GDP is $500,and the GDP deflator is 125.
• C)nominal GDP is $500,real GDP is $400,and the GDP deflator is 80.
• D)nominal GDP is $500,real GDP is $400,and the GDP deflator is 125.

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Definitions:

Self-Calming

Self-calming refers to techniques or strategies implemented by an individual to reduce stress or anxiety and achieve a state of relaxation.

Meditation Session

A period of time dedicated to practicing meditation, focusing on techniques such as mindfulness or concentration to promote mental calmness and relaxation.

Muscle Relaxation

A technique used to reduce tension or stress in the muscles, often through exercises or specific treatments.

Meditation Sessions

Structured periods of time dedicated to practices focusing on attaining mental clarity and emotional calm through mindfulness or concentration techniques.