If, in 2016, an Economy's Total Production Was 50 Bushels

question 216

Multiple Choice

If, in 2016, an economy's total production was 50 bushels of soybeans at $20 each and 40 gallons of honey at $15 per gallon, its gross domestic product would be

• A) $400.
• B) $600.
• C) $1,000.
• D) $1,600.

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Definitions:

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