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Business, 26.02.2020 05:16 cthompson1107

A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units of the good in Year 2. The price of each unit of the good in Year 1 was $280 and it was $320 in Year 2. Suppose Year 1 is taken as the base year for the calculation of GDP. The nominal GDP of the country for Year 2 was:.A) $1, 920,000 B) $2, 510,000 C) $174,000 D) $180,000

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A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units...

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