A farm in the developing country of Dessica produces 10000 bushels of millet per year, using 20 units of capital and 40 local workers. The price of…October 7, 2020
1/ With a compound tariff, a domestic importer of an automobile might be required to pay a duty of $300 plus 4 percent of the value of theOctober 7, 2020
suppose that a very small economy produces only televisions and computers. Determine nominal GDP and real GDP in year 4, using the following information: In year 1, the base year, 10 computers sold at $2000 each, and 15 televisions sold at $500 each. In year 4, 17 computers sold at $2200 each and 20 televisions sold at $500 each.
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