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Assume That a Small Country Produces Only Green Peppers and Red

question 82

Multiple Choice

Assume that a small country produces only green peppers and red peppers.Last year,it produced 100 green peppers and 50 red peppers and sold them at prices of $2 per green pepper and $3 per red pepper.This year,it produced 150 green peppers and 60 red peppers and sold them at prices of $2 per green pepper and $4 per red pepper.What is real GDP this year if the base year is last year?

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Definitions:

Mum Effect

The tendency to avoid communicating unfavorable news to others due to fear of the negative consequences associated with the disclosure.

Encode

The process of converting ideas and thoughts into a communicable form, such as speech, writing, gestures, or another mode of expression.

Withholding Information

The act of intentionally not sharing or providing relevant information in a workplace or personal context.

Written Communication

The exchange of messages or information through written symbols, including emails, reports, and letters.

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