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For the Following Questions, Suppose an Economy Produces Only Food

Question 97

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For the following questions, suppose an economy produces only food and clothing, and that price and quantity data are given in the table below.
For the following questions, suppose an economy produces only food and clothing, and that price and quantity data are given in the table below. -What is the real GDP in year 1 using base year 1? A) $418. B) $300. C) $360. D) $338.
For the following questions, suppose an economy produces only food and clothing, and that price and quantity data are given in the table below. -What is the real GDP in year 1 using base year 1? A) $418. B) $300. C) $360. D) $338.
-What is the real GDP in year 1 using base year 1?


A) $418.
B) $300.
C) $360.
D) $338.

Correct Answer:

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