Assume an economy produces only hamburgers and hot dogs and the base year is 2016. 
Given the data in the table above, what is the value of real GDP in 2017?
A) $ 5,000
B) $ 7,000
C) $10,000
D) $10,500
Correct Answer:
Verified
Q127: If prices in the current year are
Q128: Nominal GDP measures the _ of production.
A)change
Q129: Assume an economy produces only footballs and
Q130: Assume an economy produces only footballs and
Q131: To compare the change in physical production
Q133: Comparisons of economic activity over time should
Q134: Bob's Barber Shop cut 3,000 heads of
Q135: Bob's Barber Shop cut 3,000 heads of
Q136: Real GDP measures the _ of production.
A)change
Q137: Real GDP measures the _ of production;
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