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For the Following Question(s), Suppose That an Economy Produces Only

Question 17

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For the following question(s) , suppose that an economy produces only food and clothing, and that price and quantity data are given in the table below.
For the following question(s) , suppose that an economy produces only food and clothing, and that price and quantity data are given in the table below. -Suppose that Year 1 is the base year. Year 2 real GDP is A) $200. B) $270. C) $310. D) $390. E) $450.
-Suppose that Year 1 is the base year. Year 2 real GDP is


A) $200.
B) $270.
C) $310.
D) $390.
E) $450.

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