Business, 12.11.2019 05:31 kaizodude

Asimple economy produces two goods, corn breadcorn bread and softwaresoftware. price and quantity data are as follows:
production and prices in year 1 (base year)product - quantity - price per unitcorn bread - 100 - 1.00software - 550 - $45.00
production and prices in year 2product - quantity - price per unitcorn bread - 125.00 - $1.50software - 825.00 - $90.00
in year 2, nominal gdp is equal to: $ ,and real gdp is $ both responses rounded to the nearest penny ).

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Asimple economy produces two goods, corn breadcorn bread and softwaresoftware. price and quantity da...

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