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Author Question: Table 8-8 Refer to Table 8-8. Suppose that a simple economy produces only four goods and services: ... (Read 120 times)

notis

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Table 8-8









Refer to Table 8-8.  Suppose that a simple economy produces only four goods and services: sweaters, CDs, sugar, and soft drinks. Assume one half of the sugar is used in making the soft drinks and the other half of the sugar is purchased by households. Calculate nominal GDP for this simple economy.



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Marked as best answer by notis on Mar 16, 2019

Ksh22

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Ksh22

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