question archive An economy produces three goods: tents, guns, and apples
An economy produces three goods: tents, guns, and apples
Subject:EconomicsPrice:2.87 Bought7
An economy produces three goods: tents, guns, and apples. The price of each is $1. Households buy 10 tents and 90 apples. The government buys 10 guns. Farmers take the seeds from 10 more apples and plant them. 10 apples are sold to France for $1 each. Households also buy 10 bananas from Canada for $2 each. What are the values of the components of GDP? What is total GDP?
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