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Question 19 (2 points) Consider the following economy: There is a single farm and a single manufacturer in the economy. The farm produces 119 cubic
Question 19 (2 points) Consider the following economy: There is a single farm and a single manufacturer in the economy. The farm produces 119 cubic meters of milk, every year. Of this amount, 20% is sold to the households at $1,000 per cubic meter. The rest is sold to the manufacturer at $500 per cubic meter. Manufacturer, then, uses this intermediate input to produce 0.5x119 Kg tons of cheese to be sold to the consumers at $2,000 per kg ton. What is the GDP in this economy? (If needed, round your answer to the nearest integer.) Your
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