Use the table below to answer the following question.
Table 20.4.3

-Refer to Table 20.4.3. An economy produces only cell phones, pens, and pizza. The table gives the quantities produced and prices in 2012 and 2013.
The base year is 2012.
The chained-dollar real GDP in 2013 is
A) $13.
B) $21.
C) $125.
D) $88.
E) $19.
Correct Answer:
Verified
Q123: Use the table below to answer the
Q124: At 2012 prices, the value of production
Q125: Use the table below to answer the
Q126: The reference base year is 2013. To
Q127: Use the table below to answer the
Q128: Real GDP
A)fluctuates from year to year but
Q129: Use the table below to answer the
Q130: What we produce during our working time
Q131: Use the table below to answer the
Q133: Potential GDP is
A)the maximum amount of GDP
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