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

Question 71

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. -Suppose that Year 1 is the base year. Year 2 real GDP is A) $450. B) $200. C) $390. D) $270. E) $310.
-Suppose that Year 1 is the base year. Year 2 real GDP is


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

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