Solution-Problem regarding the calculation of gdp

Problem regarding the calculation of gdp

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A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units of the good in Year 2. The price of each unit of the good in Year 1 was $280 and it was $320 in Year 2. Suppose Year 1 is taken as the base year for the calculation of GDP.

Reference no: EM131198714

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Problem regarding the calculation of gdp : The price of each unit of the good in Year 1 was $280 and it was $320 in Year 2. Suppose Year 1 is taken as the base year for the calculation of GDP.

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Problem regarding the calculation of gdp

Reference no: EM131198714

Reference no: EM131198714

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