if an economy produces 50 oranges sold at $1 each and 100 bananas at $0.50 each, using GDP as the measure of output: a. oranges are weighted as being 2 times more important than bananas. b. oranges are weighted as being 1/2 as important as bananas. c. bananas are weighted as being 2 times more important than oranges. d. bananas are weighted as being 1/2 as important as oranges.

if an economy produces 50 oranges sold at $1 each and 100 bananas at $0.50 each, using GDP as the measure of output: a. oranges are weighted as being 2 times more important than bananas. b. oranges are weighted as being 1/2 as important as bananas. c. bananas are weighted as being 2 times more important than oranges. d. bananas are weighted as being 1/2 as important as oranges.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Measuring A Nation's Income

Section: Chapter Questions

Problem 4CQQ

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