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Author Question: Table 8-23 Refer to Table 8-23.Suppose that a very simple economy produces three goods: pizzas, ... (Read 46 times)

CORALGRILL2014

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on: Mar 16, 2019

Table 8-23









Refer to Table 8-23. Suppose that a very simple economy produces three goods: pizzas, haircuts, and backpacks. Suppose the quantities produced and their corresponding prices for 2011 and 2016 are shown in the table above. Use the information to compute real GDP in the year 2011 and 2016. Assume that 2011 is the base year. Is output higher in 2016 or 2011? Why?

Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by CORALGRILL2014 on Mar 16, 2019

mbcrismon

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Reply #1 on: Mar 16, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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CORALGRILL2014

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Reply 2 on: Mar 16, 2019
Excellent

kishoreddi

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

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