Business, 23.12.2021 08:50 ariellewallenst4348

Suppose we have a small economy that produces only two goods: pineapples and commercial airplanes. Here are the quantities produced and the prices for pineapples and commercial airplanes: Amount Produced Price Pineapples 50,000,000 pounds $1 per pound Commercial airplanes 15 airplanes $10 million per airplane Instructions: Round your response to the nearest whole number. a) The GDP of this country is $ million. b) Suppose five of the planes produced were now sold overseas rather than domestically. This will multiple choice not change GDP, but changes the category under which the spending is counted. not change GDP or the category under which the spending is counted. lower GDP. raise GDP.

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Suppose we have a small economy that produces only two goods: pineapples and commercial airplanes. H...

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