Following is data for a hypothetical economy.The base year is 2002 (Price index = 100). Refer to the above data.Real GDP in 2006 was approximately:
A)$3,433 billion.
B)$3,743 billion.
C)$4,023 billion.
D)$4,031 billion.

Question

Following is data for a hypothetical economy.The base year is 2002 (Price index = 100).  Refer to the above data.Real GDP in 2006 was approximately:
A)$3,433 billion. 
B)$3,743 billion. 
C)$4,023 billion. 
D)$4,031 billion.

Quizplus · Accepted Answer

The Answer of Following is data for a hypothetical economy.The base year is 2002 (Price index = 100).  Refer to the above data.Real GDP in 2006 was approximately:
A)$3,433 billion. 
B)$3,743 billion. 
C)$4,023 billion. 
D)$4,031 billion.

Following Is Data for a Hypothetical Economy