(Advanced analysis) Only three goods are produced in an economy in the following amounts: A = 10, B = 30, C = 5.The current year per-unit prices of these three goods are A = $2, B = $3, and C = $1.If the per-unit prices of the three goods were each $1 in a base year used to construct a GDP price index, then the GDP price index in the current year is
A)205.5.
B)255.5.
C)39.3.
D)100.

Question

Quizplus · Accepted Answer

The Answer of (Advanced analysis) Only three goods are produced in an economy in the following amounts: A = 10, B = 30, C = 5.The current year per-unit prices of these three goods are A = $2, B = $3, and C = $1.If the per-unit prices of the three goods were each $1 in a base year used to construct a GDP price index, then the GDP price index in the current year is
A)205.5.
B)255.5.
C)39.3.
D)100.

(Advanced Analysis) Only Three Goods Are Produced in an Economy