In 2016, country A faced unfavorable weather conditions. Wheat production decreased to 450kg. Wheat-growers continued to
Posted: Thu May 19, 2022 9:09 am
In 2016, country A faced unfavorable weather conditions. Wheat production decreased to 450kg. Wheat-growers continued to sell 100kg to consumers, but could only sell 350kg to flour mills. To maintain production, flour mills imported 50kg of wheat from abroad, and maintained their production and sales unchanged. Prices did not move between 2015 and 2016. What is the GDP for 2016?