# PSU ECON 104 Homework 2 - Points Awarded 100.00 Points...

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Darryl's profit from selling dried apricots is: Feedback:2,300,000-1,200,000-250,000-600,000-100,000 = 150,000 Table for Individual Question Feedback Points Earned:3.0/3.0
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2. Fannie’s profit from selling fresh apricots is: Feedback:2,000,000-300,000-1,200,000-200,000= 300,000 Table for Individual Question Feedback Points Earned:3.0/3.0
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3. Use theincome approachto calculate nominal GDP. Fill in the blanks in the table below.Enter numbers with no commas, no dollar signs and no decimals. For example, if your answer is \$12,000 you would enter 12000 into the appropriate box. a. Total wages 1800000 b. Interest 250000 c. Rent 300000 d.Total profit* 450000
*hint: get total profit by adding your answers for #1 and #2! Table for Individual Question Feedback Points Earned:3.0/3.0
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