Asimple economy produces two goods, bread and technical manuals. price and quantity data are as follows: production and prices in year 1 (base year)product quantity price per unitbread 120 $3.00technical manuals 800 $50.00production and prices in year 2product quantity price per unitbread 150 $4.50technical manuals 1,200 $100.00in year 2, nominal gdp is equal to: _ , and real gdp is _ (enter both responses rounded to the nearest penny).

The movement of an economy from one condition to another and back again

Which p shifts to consumer in the four cs of the alternate marketing mix? a) promotion b) product c) place d) price

In allentown, pennsylvania, in the summer of 2014, the average price of a gallon of gasoline was $3.68long dasha 22-cent increase from the year before. many consumers were upset by the increase. one was quoted in a local newspaper as saying, "it's crazy. the government should step in." source: sam kennedy, "valley feeling pain at the pump," (allentown, pa) morning call, june 21, 2014. suppose the government had stepped in and imposed a price ceiling equal to old price of $3.46 per gallon. a. using the line drawing tool, draw and label the price ceiling. carefully follow the instructions above, and only draw the required object.