Multiple Choice
Table 12-17
A very simple economy produces three goods: movies, burgers, and bikes.The quantities produced and their corresponding prices for 2006 and 2013 are shown in the table above.
-Refer to Table 12-17.What is real GDP in 2013,using 2006 as the base year?
A) $3,320
B) $3,690
C) $6,360
D) $7,035
Correct Answer:
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