Country A produces two goods, elephants and saddles. In the year 2006, the 10 units of elephants produced sold for...
Country A produces two goods, elephants and saddles. In the year 2006, the 10 units of elephants produced sold for $2,000 per unit and the 25 units of saddles produced sold for $200 per unit. In 2007, the 20 units of elephants produced sold for $3,000 per unit, and the 50 units of saddles produced sold for $300 per unit. Real GDP for 2007, assuming that 2006 is the base year, is ______.
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xxxxxxx A xxxxxxxx xxx xxxxxx xxxxxxxxx xxx saddles. In the year xxxxx xxx xx units of elephants xxxxxxxx sold for xxxxxx xxx unit xxx the 25 xxxxx of saddles produced xxxx xxx $200 xxx xxxxx In 2007, xxx xx xxxxx xx xxxxxxxxx xxxxxxxx sold xxx $3,000 xxx xxxxx xxx xxx 50 units of saddles xxxxxxxx xxxx xxx xxxx per xxxxx xxxx GDP xxx 2007, xxxxxxxx xxxx 2006 is the base xxxxx is xxxxxxx
xxxx xxx xx xxx evaluated xx xxx market xxxxxx of xxxx xxxx xxxx. For xxxxxxxx xx 2006 were xxxxxx xx the base xxxxx then xxxx xxx for xxxx xx xxxxxxxxxx by taking xxx xxxxxxxxxx xx all xxxxx xxx services purchased xx 2007 xxx xxxxxxxxxxx xxxx by their xxxx prices.
20 units xx xxxxxxxxx x xxxx xxx unit=40,000
50 xxxxx of xxxxxxx x 200 xxx xxxxxxxxx
real xxx = 41,000
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