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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) https://www.coursehero.com/file/20532452/econ-1100-midterm-2/

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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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