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Table 8-7 -Refer to Table 8-7.Suppose That a Simple Economy Produces Only

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Table 8-7
Table 8-7 -Refer to Table 8-7.Suppose that a simple economy produces only four goods and services: iPods,t-shirts,bottled water,and oranges.Calculate nominal GDP for this simple economy.
-Refer to Table 8-7.Suppose that a simple economy produces only four goods and services: iPods,t-shirts,bottled water,and oranges.Calculate nominal GDP for this simple economy.

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Nominal GDP equals (...

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