Business
Business, 15.02.2021 19:40, breeannaalanizj2000

Suppose there are 3 goods in the economy, A-C. The year one quantity of each is 11A, 25B, 28C. year one prices are $1.20 for each unit of A, $2.10 for each unit of B, $3.30 for each unit of C. The year two quantity of each is 10A, 21B, 27C. year two prices are $1.80 for each unit of A, $2.90 for each unit of B, $4.10 for each unit of C. Year number one is the Base-year. Nominal GDP in year one equals and in year two equals Real GDP in year one equals and in year two equals (Make sure you show your calculation and round up to the nearest hundredth)

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Suppose there are 3 goods in the economy, A-C. The year one quantity of each is 11A, 25B, 28C. year...

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