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Author Question: Table 8-1 Refer to Table 8-1. Suppose that a simple economy produces only four goods and services: ... (Read 39 times)

plus1

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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.


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Marked as best answer by plus1 on Mar 16, 2019

patma1981

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plus1

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Reply 2 on: Mar 16, 2019
Thanks for the timely response, appreciate it


upturnedfurball

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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