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C211 Measuring Economic Performance Ch 7 and 23 exam| Latest Update 2024 Questions & correct Answers | verified
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A sheep - farmer sells $20 worth of wool to B knitter. B knitter makes 2 sweaters, each of which has a market price of $40. C buys one of them, while the other remains on the shelf of B knitter's store to be sold later - GDP 1 sweaters = $40 MP 2 sweaters -$80 MVP
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