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Assume that an economy is composed of two products, X and Y, with the following details: Product Quantity Produced in 2012 Quantity Produced in 2013 Product Unit Prices in 2012 Product Unit Prices in 2013 X 351.0 352.0 13.3 13.8 Y 179.0 182.5 unknown 11.1 Assuming 2012 is the base year for measuring GDP and the GDP deflator for the economy in 2013 is 102.4, the unit price of Y in 2012 is closest to:
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Consider an economy where government expenditures are 10 and total tax revenues are 10. the supply of labor is fixed at 125 and the supply of capital is fixed at 8. the economy is described by the following equations. y k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent c 2.5 + 0.75 ( y - t ) i 10 - 0.5 r the level of private savings is
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Assume that an economy is composed of two products, X and Y, with the following details: Product Qua...
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