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Assume the economy of country B produces tomatoes and cheeses in the following quantities and prices in 2016 and 2017. The nominal Gross Domestic Product
Assume the economy of country B produces tomatoes and cheeses in the following quantities and prices in 2016 and 2017. The nominal Gross Domestic Product in 2017 is -------- Tomatoes Cheeses Quantities Prices/pound Quantities Prices/pound Year 2016 (base year) 3 million pounds $2 2 million pounds $10 Year 2017 4.5 million pounds $4 2 million pounds $12 $60 million $42 million $26 million
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