(Solved): Chapter 5 Notes Calculating GDP: Some Examples Two quick calculation examples: 1. Assume all paper i ...

Chapter 5 Notes Calculating GDP: Some Examples Two quick calculation examples: 1. Assume all paper is used in textbook production. Product Eye exams Pizzas Textbooks Paper GDP = Quantity Price Per Unit Value $50.00 100 80 Paper 20 GDP = 2000 Eye exams Pizzas 2. Assume half of the paper is used in textbook production. Product Quantity Price Per Unit Value Textbooks 20 100 80 $10 $100 2000 $0.10 $50.00 $10 $100 $0.10 03 F2 O