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Other Fields Homework Help Economics Topic started by: Nikolas on Nov 10, 2022


Title: GDP and its CalculationProductQuantityPriceSoccer Balls350$60Coffee ...
Post by: Nikolas on Nov 10, 2022
GDP and its Calculation


ProductQuantityPrice
Soccer Balls350​$60​
Coffee Mugs750​20​
Bicycles150​350​
Telescopes300​150​
Refer to the table. Consider the table of production and price statistics for a small economy. If the economy only produces the four goods listed in the table, what is the value of nominal GDP for this economy? (Round to the nearest hundredth when appropriate.)

▸ $2130

▸ $580

▸ $81,000

▸ $74,700

Title: GDP and its CalculationProductQuantityPriceSoccer Balls350$60Coffee ...
Post by: babolat00 on Nov 10, 2022
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