Suppose we have a two good economy that produces beef and soy.The price of a unit of beef = $19 and the price of a unit of soy = $14 Suppose also that we produce 125 units of beef and 460 units of soy.
a. What is the value of beef produced in our economy?
$b. What is the value of soy produced in our economy?
$c. What is the GDP for our economy?
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