Business, 07.03.2020 05:27, ethanboshears15

Suppose an economy produces only eggs and ham. In 2009, 100 dozen eggs are sold at $3 per dozen and 50 pounds of ham sold at $4 per pound. In 2010, which is the base year, eggs sold at $1.50 per dozen and ham sold at $5 per pound. Calculate the value of nominal and real GDP for 2009.

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Suppose an economy produces only eggs and ham. In 2009, 100 dozen eggs are sold at $3 per dozen and...