Table 19-17
A very simple economy produces three goods: movies, burgers, and bikes. The quantities produced and their corresponding prices for 2013 and 2018 are shown in the table above.
-Refer to Table 19-17. What is real GDP in 2018, using 2013 as the base year?
A) $3,320
B) $3,690
C) $6,360
D) $7,035
Correct Answer:
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Q182: To make the calculation of real GDP
Q183: Table 19-18 Q184: Table 19-18 Q185: The GDP deflator is equal to Q186: If nominal GDP rises we can say Q192: Under what circumstances would the GDP deflator Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
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A)real GDP