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Use the Following to Answer Questions: Table: Three-Good Economy I

Question 83

Multiple Choice

Use the following to answer questions: Table: Three-Good Economy I  Product  Quantity (2008)   Price (2008)   Quantity (2009)   Price (2009)   Computers 25$800.0030$1,000.00 Pizzas 909.0010010.00 Burgers 1801.802002.00\begin{array} { l c c c c } \hline \text { Product } & \text { Quantity (2008) } & \text { Price (2008) } & \text { Quantity (2009) } & \text { Price (2009) } \\\hline \text { Computers } & 25 & \$ 800.00 & 30 & \$ 1,000.00 \\\text { Pizzas } & 90 & 9.00 & 100 & 10.00 \\\text { Burgers } & 180 & 1.80 & 200 & 2.00 \\\hline\end{array}
-(Table: Three-Good Economy I) Suppose an economy produces only the three final goods shown in the table. The table gives information on the quantities produced and the prices of goods sold in 2008 and 2009. If prices in 2008 are used to calculate real GDP, what is the real GDP in 2009?


A) $20,134
B) $21,134
C) $25,260
D) $31,400

Correct Answer:

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