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All an economy produced in 2021 were 5 bananas and 8 pineapples. A banana sells in 2021 for $6.6 and a pineapple for $1.6. In
All an economy produced in 2021 were 5 bananas and 8 pineapples. A banana sells in 2021 for $6.6 and a pineapple for $1.6. In the base year, the economy produced 8 bananas and 5 pineapples. The base year prices were 3.7 for bananas and 9.4 for pineapples. Calculate real GDP in 2021. (Write your answer as just a number with two decimals without the $ symbol. For example, 27.00)
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International economics
Authors: Robert J. Carbaugh
13th Edition
978-1439038949, 1439038945, 978-8131518823
