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

Question 18

Multiple Choice

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. -Year 2 nominal GDP is A) $390. B) $310. C) $270. D) $200. E) $450.
-Year 2 nominal GDP is


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

Correct Answer:

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