The base year is 2018. A country only produces Blu-ray players. The price of a Blu-ray player in 2018 was $100. The price of a Blu-ray player was $90 in 2019. The quantity of Blu-ray players produced in 2018 was 10,000 units and in 2019 was 10,500 units. Real GDP in 2018 equals
A) $1,050,000.
B) $1,000,000.
C) $900,000.
D) $945,000.
E) an amount that cannot be determined without information about real GDP in 2011 .
Correct Answer:
Verified
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