The table below shows the total output and prices for an economy that produces only two goods,potatoes and oil.Data is provided for the years 2008 and 2018. Quantities Produced Prices
TABLE 20-6
Refer to Table 20-6.What is the real GDP for 2008 if 2018 is the base year?
A) $6750
B) $7975
C) $9000
D) $10 500
E) $20 100
Correct Answer:
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