Calculate the value of real gdp, Microeconomics

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Calculate the value of real gdp

In Kiowa, the two products produced are corn and hogs. In 2001, 20 bushels of corn are sold at $5 per bushel, and 8 hogs are sold at $50 each. In 2000, the base year, the price of corn was $10 per bushel, and the price of hogs was $75 each. Calculate the value of real GDP.

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Microeconomics: Calculate the value of real gdp

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Microeconomics: Calculate the value of real gdp

Reference No:- TGS070702

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Success of an american based organization

Q : What happen to demand for railcars if ethanol boom go bust

Q : What is the current ratio for this company

Q : Should a journal entry be made

Q : Calculate the value of real gdp

Q : What is the bunting corporation''s payout ratio for 2007

Q : Executive pay and non-executive pay

Q : What is the consolidated balance for the equipment amount

Q : Reflect the pertinent steps in the process

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate the value of real gdp

Reference No:- TGS070702

Recent Questions Asked Microeconomics

Q : Success of an american based organization

Q : What happen to demand for railcars if ethanol boom go bust

Q : What is the current ratio for this company

Q : Should a journal entry be made

Q : Calculate the value of real gdp

Q : What is the bunting corporation''s payout ratio for 2007

Q : Executive pay and non-executive pay

Q : What is the consolidated balance for the equipment amount

Q : Reflect the pertinent steps in the process

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