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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 60 times)

SGallaher96

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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 SGallaher96 on Mar 16, 2019

meryzewe

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