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Table 4.13 Year 2009 2011 Oranges Produced l,soo 2,000 Price of Oran s soso Produced Price of Shirts S30.OO 35.00 Consider the data shown above...

This question was created from econ 1100 midterm (2)


Year Oranges Produced Price of Oranges Shirts Produced Price of Shirts 2009 1800 $0.90 110 $30.00 2011 2000 1.00 110 35.00 Consider the data shown above for Vicuna, a country that produces only two products: oranges and shirts. Refer to Table above. Real GDP for Vicuna for 2009 using 2011 as the base year equals


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