At Westonci.ca, we provide clear, reliable answers to all your questions. Join our vibrant community and get the solutions you need. Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
Good produced Quantity Market price
Bread =7,000.00 loaves × $10.00=$70,000.00
Axes= 500.00 axes ×$100.00=$50,000.00
GDP=$70,000.00+$50,000.00
GDP=$120,000.00
Assuming Panem does not produce anything else in 2020, GDP will be equal to $123,500
Based on the information given in the question, the gross domestic product will be calculated as:
- Bread = $7000 × 10 = $70000
- Wheat = $1750 × 2 = $3500
- Axes = $500 × 100 = $50000
- GDP = $123,500
The gross domestic product refers to the value of the goods that are produced in an economy. Therefore, the gross domestic product is $123,500
Read related link on:
https://brainly.com/question/24836146
We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We hope this was helpful. Please come back whenever you need more information or answers to your queries. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.