M Eco 2013 2nd Gordon Rul X P Tak a Test C Hepburn Google Chrome C D openve e ht

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M Eco 2013 2nd Gordon Rul X P Tak a Test C Hepburn Google Chrome C D openve e https:// 136670024 &centerwin; yes www.mathxl.com/Student/PlayerTest.aspx?testld Carla Hepburn & 7/5/16 5:09 PM & O ECO 2013 Summer B2016 TR 8am Quiz QUIZ 2 GDP and Unemployment Time Remaining: 01:07:57 Submit Quiz MyEconLab This Question 1 p This Quiz: 20 pts possible 6 of 20 (7 complete e Calendar Main Menu Assignments A simple economy produces four goods, corn, cornbread, DVD players, and computer games. All of the production of corn is used in the production of cornbread Do Homework Use the information in the following table to compute GDP for the current year. Product Quantity Price Per Unit Take a Quiz/Test $1.00 Corn $4.00 cornbread 220 $600.00 DVD players 500 $20.00 000 computer games In this year the nominal value of GDP in this economy is radebook Score see score see score Enter your answer in the answer box. Ask me anything 5.09

Explanation / Answer

GDP=220x 4 + 500 x 600 + 1000 x 20 ( Com is used as factor and not the final good hence not taken in GDP Calculation)$320880

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