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The following table has production and prices for Laurasia for three years: The following table has production and prices for Pangea for three years: Product
The following table has production and prices for Laurasia for three years:
The following table has production and prices for Pangea for three years: Product 2015 Output 2015 Prices 2016 Output 2016 Prices 2017 Output 201? Prices Coffee mugs 800 $ 10.00 900 $ 9.00 1,000 $ 15.00 Burgers 500 $ 8.00 600 $9.00 500 $ 10.00 Aspirin bottles 450 $ 4.00 500 $ 5.00 550 $ 6.00 Calculate Real GDP for each year, using 2016 as the Base Year: Instructions: Enter your answer as a whole dollar amount. b. 2016 Real GDP = $ |:| c.2017 Real GDP = $ :|Step by Step Solution
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