What is the value of year 4's output in nominal dollars?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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What is the value of year 4's output in nominal dollars?

Year
1
2
3 = base period
4
5
Output
2
3
4
6
7
Price per Unit
$2
4
5
6
9
Transcribed Image Text:Year 1 2 3 = base period 4 5 Output 2 3 4 6 7 Price per Unit $2 4 5 6 9
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