Business, 13.07.2020 22:01, Giovanni0312

Suppose there is a simple one good economy that only produces spinning rims. In 2004, the economy was able to produce 500,000 sets of spinning rims at an amazing price of $100 per set. In 2005, the economy was able to produce 500,000 sets of spinning rims at a price of $200 per set. By what amount did real GDP increase between 2004 and 2005 in the simple one good economy

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Suppose there is a simple one good economy that only produces spinning rims. In 2004, the economy wa...