Assume that there are two goods, A and B. In 2001Americans produced 10 units of A at a price $10 and 20 units of B at a price of $20. In 2007Americans produced 30 units of A at a price of $20 and 30 units of B at a price of $40. The Nominal GDP for 2007 is

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amari200263 amari200263

04-01-2021
Social Studies

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Assume that there are two goods, A and B. In 2001Americans produced 10 units of A at a price $10 and 20 units of B at a price of $20. In 2007Americans produced 30 units of A at a price of $20 and 30 units of B at a price of $40. The Nominal GDP for 2007 is

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