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lpoint mans) 3,000 300 300 1000 Refer to the Table. Suppose that a simple economy produces only three goods and services: tomatoes, ketchup and Hamberger.
lpoint mans) 3,000 300 300 1000 Refer to the Table. Suppose that a simple economy produces only three goods and services: tomatoes, ketchup and Hamberger. Assume one third of the tomatoes are used in making the ketchup and the remaining of the tomatoes are purchased by households. Assume further than one third of the ketchup are used in making the Hamberger and the remaining of the ketchup are purchased by households. Using the information in the above table, nominal GDP for this simple economy equals $6,800. $5,800. $7,200. $6,200. Nnyt
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