The annual output and prices of a 3-good economy are shown in the table below. instructions: enter your answers as whole numbers. a. what was gdp in year 1? $ . b. what was gdp in year 2? $

In getting the GDP or Gross Domestic Product for year 1 and year 2, you should multiply the price to the quantity of goods sold and add them all up.

For GDP Year 1

Given:

Quarts of Ice Cream with a price of $6 and 4 quantity of goods.

Bottle of Shampoo with a price of $5 and 2 quantity of goods.

Jars of Peanut butter with a price of $3 and 4 quantity of goods.

= (6 x 4) + (5 x 2) + (3 x 4)

= $46

For GDP Year 2, the same products with different price and quantity.

= (6 x 6) + (5 x 3) + (3 x 3)

= $60

the page presents four different kinds of threats that volcanoes pose and what to do before, during, and after an eruption.

match each type of restriction with one of its effects.

a. land-use laws

b. labor laws

c. banking regulations

a. controlled development of towns and cities

b. protection of young workers

c. greater financial stability