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Suppose that in 2015 the total output in a single-good economy was 5,000 computers. Also, suppose that in 2015 each computer was priced at $100.
Suppose that in 2015 the total output in a single-good economy was 5,000 computers. Also, suppose that in 2015 each computer was priced at $100. Finally, assume that in 2022 the price of a computer was $200 and that 20,000 computers were produced. Determine real GDP for 2015 and 2022, in 2015 prices. Show your work
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