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Question 46

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\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad Table 2.2
\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad 2012 \quad \quad \quad \quad 2013
\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad Quantity Price \quad Quantity Price
 Orarpes 30$0.3040$0.50 Egp Rolls 601.10751.30 Whistles 502.00502.25\begin{array} { | l | c | c | c | c | } \hline \text { Orarpes } & 30 & \$ 0.30 & 40 & \$ 0.50 \\\hline \text { Egp Rolls } & 60 & 1.10 & 75 & 1.30 \\\hline \text { Whistles } & 50 & 2.00 & 50 & 2.25 \\\hline\end{array}
Table 2.2 gives quantities and prices for each good produced in a simple economy in 2012 and 2013.
-Refer to Figure 2.2.Calculate GDP in 2012 and 2013.

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2012 GDP = (30 × $0.30)+ (60 ×...

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