Homework Answers
GDP is the sum of market value of the goods produced.
So, GDP = 105 * $0.25 + 210 * $1 + 750 * $600 + 1500 * $30 = $26.25 + $210 + $450,000 + $45,000 = $495,236.25.
Answer: $495,236.25.
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corncorn,
cornbreadcornbread,
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and
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. All of the production of
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is used in the production of
cornbreadcornbread.
Use the information in the following table to compute GDP for
the current year.
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