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Suppose the economy of Micronesia consists only of firm. This firm produces in 2019 100 units of output. Of this 100 units, it is selling
Suppose the economy of Micronesia consists only of firm. This firm produces in 2019 100 units of output. Of this 100 units, it is selling 80 units, while putting the remaining 20 units in the inventory. Additionally, the firm sells 30 units from the inventory, that had thus been produced the year before. The What is the GDP of Micronesia in 2019?
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