Business, 18.10.2020 14:01 marlenerojas201

Now, assume that in year 3, the output mix changes again to 3 quarts of ice cream, 1 bottles of shampoo, and 3 jars of peanut butter. Consider the year 1 as the base year. 2.1. If the prices in year 3 are $5 per quart for ice cream, $4 per bottle of shampoo, and $3 per jar of peanut butter, what is the economy’s real GDP in year3

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Now, assume that in year 3, the output mix changes again to 3 quarts of ice cream, 1 bottles of sham...