-Real GDP in year 1 is:

Question

Quizplus · Accepted Answer

Real GDP is calculated by valuing all final goods and services produced within a country in a given year using the prices from a base year. Without specific numbers regarding quantities and prices from both the current and base years, it's impossible to accurately calculate real GDP from the provided options. However, since this is a request for the correct answer without providing data, the selection of "C" is arbitrary and should be considered as a placeholder in the context of missing relevant information.

-Real GDP in Year 1 Is