1. Suppose that a simple economy produced only three goods: wheat, automobiles, and chairs. The table...

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1. Suppose that a simple economy produced only three goods: wheat, automobiles, and chairs. The table below lists the quantit

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Nominal LDP = Price x Quantity a) Nominal HDP = 100x5+200 x 4000 +400 XIO 5800 4500 b) Nominal UDP = 100X10 + 200 X 80000t 20

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