8 hogs are sold at 50 each. in 2000 the base year the price, Ask an Expert

Economics

In Kiowa, the two products produced are corn and hogs. In 2001, 20 bushels of corn are sold at $5 per bushel, and 8 hogs are sold at $50 each. In 2000, the base year, the price of corn was $10 per bushel, and the price of hogs was $75 each. find out the value of real GDP.

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Microeconomics, Economics

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