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There Is Only One Firm in a Small Island Country

Question 164

Multiple Choice

There is only one firm in a small island country.The firm produced 1,000 units of Good X during a particular year,out of which it could sell 900 units.If each unit of the good sells for $500,what is the GDP of the country?


A) $40,000
B) $450,000
C) $500,000
D) $150,000

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