You work for the Committee for Economic Evaluation in the small nation of Kinsdale. Your current...

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You work for the Committee for Economic Evaluation in the small nation of Kinsdale. Your current job is to determine the country's gross domestic product in the past year. Being a very small country, the people only produce three things, which are listed in the table below. Good Bananas Hiking boots Roses Quantity produced in the past year 38,000 10,000 12,000 Price $1.50 $18 $4.00 Based on the data in the table, what is the GDP for Kinsdale? You work for the Committee for Economic Evaluation in the small nation of Kinsdale. Your current job is to determine the country's gross domestic product in the past year. Being a very small country, the people only produce three things, which are listed in the table below. Good Bananas Hiking boots Roses Quantity produced in the past year 38,000 10,000 12,000 Price $1.50 $18 $4.00 Based on the data in the table, what is the GDP for Kinsdale?

Answer rating: 100% (QA)

To calculate the Gross Domestic Product GDP for Kinsdale we use th... View the full answer