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

Question 1

Multiple Choice

For the following question(s) , suppose an economy produces only bread and computers. Assume that all production is consumed in each year, and that price and quantity data are given in the table below.
For the following question(s) , suppose an economy produces only bread and computers. Assume that all production is consumed in each year, and that price and quantity data are given in the table below. -The nominal GDP of Year 2 is A) $800. B) $1050. C) 1900. D) $2400.
For the following question(s) , suppose an economy produces only bread and computers. Assume that all production is consumed in each year, and that price and quantity data are given in the table below. -The nominal GDP of Year 2 is A) $800. B) $1050. C) 1900. D) $2400.
-The nominal GDP of Year 2 is


A) $800.
B) $1050.
C) 1900.
D) $2400.

Correct Answer:

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