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Suppose That the Following Table Represents the Goods and Services

Question 51

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Suppose that the following table represents the goods and services produced in a very simple closed economy in 2013.Assume that steel is used as an input in the production of cars.Using that information,calculate the GDP for the year 2013.
Suppose that the following table represents the goods and services produced in a very simple closed economy in 2013.Assume that steel is used as an input in the production of cars.Using that information,calculate the GDP for the year 2013.

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GDP is defined as the market value of fi...

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