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Table 163 : Consider the Data Above for Melodia, a a Country

Question 27

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Table 16.3 : Table 16.3 :   Consider the data above for Melodia, a country that produces only two products: hearing aids and tubas. -Refer to Table 16.3.Using 2015 as the base year, calculate nominal GDP and real GDP for 2015 and for 2016. Consider the data above for Melodia, a country that produces only two products: hearing aids and tubas.
-Refer to Table 16.3.Using 2015 as the base year, calculate nominal GDP and real GDP for 2015 and for 2016.

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Nominal GDP in 2015 = (50 × $150) + (10 ...

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