Scenario: An economy produces only cell phones. In 2015, the economy manufactured 275 cell phones, and each cell phone sold for $200. In 2016, the economy manufactured 280 cell phones, but the price of each cell phone fell to $180.
-Refer to the scenario above.Using 2015 as the base year,what was the real GDP of the economy in 2016?

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The Answer of Scenario: An economy produces only cell phones. In 2015, the economy manufactured 275 cell phones, and each cell phone sold for $200. In 2016, the economy manufactured 280 cell phones, but the price of each cell phone fell to $180.
-Refer to the scenario above.Using 2015 as the base year,what was the real GDP of the economy in 2016?

Scenario: an Economy Produces Only Cell Phones