For the following questions, suppose an economy produces only food and clothing, and that price and quantity data are given in the table below.

-For the following questions,suppose an economy produces only pens and pencils,and that the quantity and price data is given by this table
What is the real GDP in year 2 using base year 1?
A) $418
B) $300.
C) $360.
D) $338.

Question

For the following questions, suppose an economy produces only food and clothing, and that price and quantity data are given in the table below.

-For the following questions,suppose an economy produces only pens and pencils,and that the quantity and price data is given by this table 
What is the real GDP in year 2 using base year 1?
A) $418 
B) $300. 
C) $360. 
D) $338.

Quizplus · Accepted Answer

The Answer of For the following questions, suppose an economy produces only food and clothing, and that price and quantity data are given in the table below.

-For the following questions,suppose an economy produces only pens and pencils,and that the quantity and price data is given by this table 
What is the real GDP in year 2 using base year 1?
A) $418 
B) $300. 
C) $360. 
D) $338.

For the Following Questions, Suppose an Economy Produces Only Food