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Business, 13.03.2020 19:21 austinmiller3030

Suppose and economy only produces eggs and ham. In 2009 100 dozen eggs are sold at $3 per dozen and 50 pounds of ham sold at $4 per pound. In 2010, the base year, eggs sold at $1.50 per doze and ham sold at $5 per pound. For 2009,
A) Nominal GDP is $400, real GDP is $500, and GDP deflator is 80
B) Nominal GDP is $500, real GDP is $400, and the GDP deflator is 125
C) Nominal GDP is $400, real GDP is $500, and the GDP deflator is 125
D) Nominal GDP is $500, real GDP is 400, and the GDP deflator is 80

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Suppose and economy only produces eggs and ham. In 2009 100 dozen eggs are sold at $3 per dozen and...

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