Calculate the value of the GDP at market price

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Reference no: EM131091287

A economy produced the following final goods and services during a given year: 3 million pounds of food, 100,000 shirts, 20 houses, 10,000 hours of medical services, 10 automobile plant, and 2 tanks. Calculate the value of the GDP at the following market prices:

$1 per pound of food, $15 per shirt, $125,000 per house, $50 per hour of medical services, $500,000 per automobile plant, and $750,000 per tank.

Reference no: EM131091287

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