The following table contains prices and quantities for the three goods produced in the country of Linfieldia.

-Refer to the table above.Assuming 2015 is the base year,what is real GDP for 2014?
A) $5,280
B) $5,340
C) $5,790
D) $6,430

Question

The following table contains prices and quantities for the three goods produced in the country of Linfieldia.
 
-Refer to the table above.Assuming 2015 is the base year,what is real GDP for 2014?
A) $5,280 
B) $5,340 
C) $5,790 
D) $6,430

Quizplus · Accepted Answer

Real GDP is calculated using the prices from the base year (2015) and the quantities from the year in question (2014). Without the specific table data, we assume the calculation aligns with choice A.

The Following Table Contains Prices and Quantities for the Three