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Social Science Clinic => Economics => Macroeconomics => Topic started by: bobbie on Mar 16, 2019

Title: Table 8-1 Refer to Table 8-1. Suppose that a simple economy produces only four goods and services: ...
Post by: bobbie on Mar 16, 2019

Table 8-1









Refer to Table 8-1.  Suppose that a simple economy produces only four goods and services: sweatshirts, dental examinations, coffee drinks, and coffee beans. Assume all of the coffee beans are used in the production of the coffee drinks. Using the information in the above table, nominal GDP for this simple economy equals

◦ 3,090 units.
◦ $7,250.
◦ $8,750.
◦ $9,750.

Title: Table 8-1 Refer to Table 8-1. Suppose that a simple economy produces only four goods and services: ...
Post by: juwms on Mar 16, 2019

$8,750.

Title: Table 8-1 Refer to Table 8-1. Suppose that a simple economy produces only four goods and services: ...
Post by: bobbie on Mar 16, 2019

Thank you!

Title: Table 8-1 Refer to Table 8-1. Suppose that a simple economy produces only four goods and services: ...
Post by: juwms on Mar 16, 2019

Always glad to help...