Katniss works for the Panem Bureau of Economic Analysis. Panem produces three goods: bread and axes, as well as wheat, which is Ised to make bread. The table below records the quantities and market prices of each good produced in 2020. Good produced Market price (in dollars) Quantity bread 6,500.00 loaves 4.00 wheat 1,625.00 bushels 2. axes 550.00 axes 60.00 Assuming Panem does not produce anything else in 2020, GDP is equal to $ 6230
Katniss works for the Panem Bureau of Economic Analysis. Panem produces three goods: bread and axes, as well as wheat, which is Ised to make bread. The table below records the quantities and market prices of each good produced in 2020. Good produced Market price (in dollars) Quantity bread 6,500.00 loaves 4.00 wheat 1,625.00 bushels 2. axes 550.00 axes 60.00 Assuming Panem does not produce anything else in 2020, GDP is equal to $ 6230
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![Katniss works for the Panem Bureau of Economic Analysis. Panem produces three goods: bread and axes, as well as wheat, which is
used to make bread. The table below records the quantities and market prices of each good produced in 2020.
Good produced
Market price
(in dollars)
Quantity
bread
6,500.00 loaves
4.00
wheat
1.625.00 bushels
2.
axes
550.00 axes
60.00
Assuming Panem does not produce anything else in 2020, GDP is equal to $ 6230](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe47bbe03-65c8-43e1-ba3b-d670b3baa9c5%2Fa1d07d11-32de-4be4-a458-599de077117f%2Fluyvoxd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Katniss works for the Panem Bureau of Economic Analysis. Panem produces three goods: bread and axes, as well as wheat, which is
used to make bread. The table below records the quantities and market prices of each good produced in 2020.
Good produced
Market price
(in dollars)
Quantity
bread
6,500.00 loaves
4.00
wheat
1.625.00 bushels
2.
axes
550.00 axes
60.00
Assuming Panem does not produce anything else in 2020, GDP is equal to $ 6230
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