Table 19-13
Consider the data shown above for Vicuna, a country that produces only two products: oranges and shirts.
-Refer to Table 19-13. Real GDP for Vicuna for 2016 using 2018 as the base year equals

Question

Table 19-13
  Consider the data shown above for Vicuna, a country that produces only two products: oranges and shirts.
-Refer to Table 19-13. Real GDP for Vicuna for 2016 using 2018 as the base year equals

Quizplus · Accepted Answer

Real GDP is calculated using the prices from the base year. Without the table, we assume the correct answer is based on the given options and typical calculations.

Table 19-13 Consider the Data Shown Above for Vicuna, a Vicuna