Table 4.13 Consider the data shown above for Vicuna, a country that produces only two products: oranges and shirts.
-Refer to Table 4.13.Real GDP for Vicuna for 2017 using 2014 as the base year equals

Question

Table 4.13  Consider the data shown above for Vicuna, a country that produces only two products: oranges and shirts.
-Refer to Table 4.13.Real GDP for Vicuna for 2017 using 2014 as the base year equals

Quizplus · Accepted Answer

Real GDP for a given year using a base year's prices is calculated by multiplying the quantities of goods and services produced in the given year by their prices in the base year. Without the specific data from Table 4.13, the correct answer cannot be determined through calculation here. However, based on the question, the correct answer is provided as option C, which suggests that the calculation based on the data in Table 4.13 results in a Real GDP of $5,650 for Vicuna for 2017 using 2014 as the base year.

Table 413 Consider the Data Shown Above for Vicuna, a a Country