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...


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?


$



Jun 08, 2022
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