Suppose that, in year 1, an economy produces 100 golf balls that sell for $3 each and 75 pizzas that sell for $8 each. the next year, the economy produces 110 golf balls that sell for $3.25 each and 80 pizzas that sell for $9 each. the value of nominal gdp in years 1 and 2, respectively, is:
$1,000 and $1,005.
$900 and $1,077.50.
$180,000 and $257,400.
$900 and $990.
Answers: 2
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Suppose that, in year 1, an economy produces 100 golf balls that sell for $3 each and 75 pizzas that...
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