For the following question(s), suppose that an economy produces only bread and computers. Assume that all production is consumed in each year, and that price and quantity data are given in the table below.

-Significant problems with measuring real GDP and the price level include
A) changes in the number of consumers.
B) changes in relative price levels.
C) changes in standards of living.
D) purchases of used goods.
E) changes in consumption patterns.

Question

For the following question(s), suppose that an economy produces only bread and computers. Assume that all production is consumed in each year, and that price and quantity data are given in the table below.
 
-Significant problems with measuring real GDP and the price level include
A) changes in the number of consumers. 
B) changes in relative price levels. 
C) changes in standards of living. 
D) purchases of used goods. 
E) changes in consumption patterns.

Quizplus · Accepted Answer

The Answer of For the following question(s), suppose that an economy produces only bread and computers. Assume that all production is consumed in each year, and that price and quantity data are given in the table below.
 
-Significant problems with measuring real GDP and the price level include
A) changes in the number of consumers. 
B) changes in relative price levels. 
C) changes in standards of living. 
D) purchases of used goods. 
E) changes in consumption patterns.

For the Following Question(s), Suppose That an Economy Produces Only