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Consider the following simple economy that produces only three goods: Real GDP in 2017 equals $ Product Denim pants Wine Textbooks 2009 (Base Year)

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Consider the following simple economy that produces only three goods: Real GDP in 2017 equals $ Product Denim pants Wine Textbooks 2009 (Base Year) 2017 Quantity Price Quantity Price 885 80 $40 100 $50 90 11 80 10 15 90 20 100

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