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The following information was gathered for the XYZ economy: velocity of money = 3.2 times; average price level = $80; and real output = 8,283

The following information was gathered for the XYZ economy: velocity of money = 3.2 times; average price level = $80; and real output = 8,283 units.

(a)

What is the nominal GDP for the XYZ economy?

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