Only three goods are produced in an economy in the following amounts: A = 10, B = 30, C = 5.The current year per unit prices of these three goods are A = $2, B = $3, and C = $1.Refer to the above information.If the per unit prices of the three goods each were $1 in a base year used to construct a GDP price index, then real GDP in the current year:
A) is $110.
B) is $115.
C) is $45.
D) cannot be determined on the basis of this data.
Correct Answer:
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