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Suppose an Economy Produces Only These Three Final Goods

Question 43

Multiple Choice

  Suppose an economy produces only these three final goods. The table gives information on the quantities produced and price of goods sold in the current year, 2009, and the previous year, 2008. If the base year is 2008, what is the real GDP in 2008? A)  $25,260 B)  $21,134 C)  $26,260 D)  You cannot answer the question without the quantities of the goods in the base year. Suppose an economy produces only these three final goods. The table gives information on the quantities produced and price of goods sold in the current year, 2009, and the previous year, 2008. If the base year is 2008, what is the real GDP in 2008?


A) $25,260
B) $21,134
C) $26,260
D) You cannot answer the question without the quantities of the goods in the base year.

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