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Below is some data from the land of milk and honey. Year Price of Milk Quantity of Milk Price of Honey Quantity of Honey 2020

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Below is some data from the land of milk and honey. Year Price of Milk Quantity of Milk Price of Honey Quantity of Honey 2020 $1 100 quarts $2 50 quarts 2021 $1.5 200 quarts $2 150 quarts 2022 $2 200 quarts $4 150 quarts a) Compute the nominal GDP for 2020, using 2020 as the base year. b) Compute the nominal GDP for 2021, using 2020 as the base year. c) Compute the nominal GDP for 2022, using 2020 as the base year. Blank # 1 A Blank # 2 A Blank # 3 A/

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