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Table 4.2.6 There are only two goods in this economy. Short Description: A table shows data for two goods in an economy.Long Description: The column
Table 4.2.6 There are only two goods in this economy. Short Description: A table shows data for two goods in an economy.Long Description: The column headings from left to right are item, price base year (dollars), price current year (dollars), quantity base year, quantity current year. The row entries are as follows. Row 1. Loaves of bread, 1.00, 2.00, 100, 80. Row 2. Cartons of milk, 1.00, 3.00, 50, 100. Refer to Table 4.2.6. Consider the data in this table. What is real GDP in the current year in terms of base-year prices
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