3. The country of Patagonia has produced the following quantity of gauges and potatoes, with the price of each listed in dollar terms. Year 1 Year 1 Year 2 Year 2 Quantity Price Quantity Price $4 10,000 $3 $8 5,000 $14 Gauges 8,000 $4 Potatoes 6,000
3. The country of Patagonia has produced the following quantity of gauges and potatoes, with the price of each listed in dollar terms. Year 1 Year 1 Year 2 Year 2 Quantity Price Quantity Price $4 10,000 $3 $8 5,000 $14 Gauges 8,000 $4 Potatoes 6,000
Chapter5: National Income Accounting
Section: Chapter Questions
Problem 3E
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