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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
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