Question
A very simple economy produces three goods: movies, kebap, and rugs. The quantities produced and their corresponding prices for 2013 and 2018 are shown
A very simple economy produces three goods: movies, kebap, and rugs. The quantities produced and their corresponding prices for 2013 and 2018 are shown in the table above. What is real GDP in 2018, using 2013 as the base year? 2013 Product Quantity Movies 100 Kebap 50 Rugs 200 Price $10.00 $15.00 $40 2018 Quantity 120 45 210 Price $12.00 $20 $45
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
6th edition
132831007, 978-0132831000
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