Business, 12.03.2020 06:03 whiteshawn0250

Consider an economy that produces only DVDs and DVD players. Last year, 10 DVDs were sold at $20 each and 5 DVD players were sold at $100 each, while this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Real GDP this year using last year as the base year is: $1,300. $300 $100. $700.

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Consider an economy that produces only DVDs and DVD players. Last year, 10 DVDs were sold at $20 eac...

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