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A small economy produced the following final goods and services during a given month: 3 million pounds of food, 50,000 shirts, 20 houses, 50,000 hours

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A small economy produced the following final goods and services during a given month: 3 million pounds of food, 50,000 shirts, 20 houses, 50,000 hours of medical services, 1 automobile plant, and 2 tanks. Complete the following table by calculating the market value of output for each good or service. Market Price Good or Service Quantity (Per unit) Value of Output Pounds of food 3 million pounds $1 S Shirts 50,000 $21 S Houses 20 $50,000 Medical services 50,000 hours $20 Automobile plant $1,000,000 Tanks 2 $500,000 Based on your calculations, the total value of GDP in this economy is $

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