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Table: Lemonade and Cookies
-(Table: Lemonade and Cookies) Look at the table Lemonade and Cookies. Assume that an economy produces only lemonade and cookies. Nominal GDP in 2013 was:
A) $400.
B) $420.
C) $445.
D) $820.
Correct Answer:
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Q163: Suppose that nominal GDP is $1,000 in
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Q165: Consider an economy that produces only DVDs
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Q173: Use the following to answer questions :
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