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GDP and its CalculationProductQuantityPriceSoccer Balls350$60Coffee ...

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GDP and its CalculationProductQuantityPriceSoccer Balls350$60Coffee ...

GDP and its Calculation

Product	Quantity	Price
Soccer Balls	350	$60

Coffee Mugs

750

Bicycles

150

350

Telescopes

300

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

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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babolat00

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More solutions for this book are available here

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Nikolas Author

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A year ago

Thanks

jbarnett14

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Good timing, thanks!

mambah4

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You make an excellent tutor!

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