7. value: 1.00 points  You did not receive credit for this question in a previous attempt The annual output and prices of a 3-good...

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 7.
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The annual output and prices of a 3-good economy are shown in the table below.

GoodPrice
Year 1
Quantity of
Goods Year 1
Price
Year 2
Quantity of
Goods Year 2

Quarts of Ice Cream

$5

4

$5

6

Bottles of Shampoo

$3

2

$3

3

Jars of Peanut Butter

$2

4

$2

3


What was GDP in year 1? $ [removed]

What was GDP in year 2? $ [removed]    

 

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