Business, 29.08.2019 05:30 izearaholland7308

Consider an economy that produces only chocolate bars. in year 1, the quantity produced is 3 bars and the price is $4. in year 2, the quantity produced is 4 bars and the price is $5. in year 3, the quantity produced is 5 bars and the price is $6. year 1 is the base year.
what is nominal gdp for year 1, year 2, year 3?

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Consider an economy that produces only chocolate bars. in year 1, the quantity produced is 3 bars an...