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Assume That Total Output Consists of 4 Apples and 6

Question 101

Multiple Choice

Assume that total output consists of 4 apples and 6 oranges and that apples cost $1 each and oranges cost $0.50 each. In this case, the value of GDP is:


A) 10 pieces of fruit.
B) $7.
C) $8.
D) $10.

Correct Answer:

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