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25-10-2016
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In a simple economy, three goods are produced during the year, in these quantities: 10 pens, 20 shirts, and 30 radios. The price of pens is $4 each, shirts are $30 each, and radios are $35 each. What is GDP for the economy?

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25-10-2016

40+60+1,050=1,150 the GDP is 1,150

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