Suppose, the people in country X consumes good A, good B, and good C. In 2020, 17 units of good A was produced in the country and its price was taka 10 per unit. Similarly, 6 units of good B was produced in the country and its price was taka 10 per unit. Country X does not produce good C and the entire consumption amount (5 units) was imported from country Y for taka 15 per units. Country X also produced 20 units of good D but exported the entire production to country Y for taka 10 per unit. Given the information above, calculate the following: Total consumption expenditure (C) in country X in 2020: Net export (NX) in country X in 2020: The GDP of country X in 2020:
Suppose, the people in country X consumes good A, good B, and good C. In 2020, 17 units of good A was produced in the country and its price was taka 10 per unit. Similarly, 6 units of good B was produced in the country and its price was taka 10 per unit. Country X does not produce good C and the entire consumption amount (5 units) was imported from country Y for taka 15 per units. Country X also produced 20 units of good D but exported the entire production to country Y for taka 10 per unit. Given the information above, calculate the following: Total consumption expenditure (C) in country X in 2020: Net export (NX) in country X in 2020: The GDP of country X in 2020:
Chapter2: Production Possibilities Frontier Framework
Section: Chapter Questions
Problem 8WNG
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