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MATH PROBLEM: SHOW ALL WORK FOR PARTIAL CREDIT! 22. In 2014, production was 7 blouses at $8 each and 5 skirts at $12 each. Th

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Answer #1

Nominal gdp = sum of expenditure on both the goods

Nominal gdp in 2014= 7*8 + 5*12 = 116

Nominal gdp in 2015= 9*10 + 8*15= 210

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