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Bob's Barber Shop Gave 3,000 Haircuts in the Year 2011

question 87

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Bob's Barber Shop gave 3,000 haircuts in the year 2011 and 3,100 in the year 2012.The price of a haircut was $7 in 2011 and $8 in 2012.If the year 2011 is the base year,what was Bob's contribution to real GDP in the year 2012?


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