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Answer the Question on the Basis of the Following Information

Question 124

Multiple Choice

Answer the question on the basis of the following information: Only three goods are produced in an economy in the following amounts: A = 10,B = 30,C = 5.The current year per unit prices of these three goods are A = $2,B = $3,and C = $1. (Advanced analysis) Refer to the information.If the per unit prices of the three goods were each $1 in a base year used to construct a GDP price index,then real GDP in the current year is:


A) $110.
B) $115.
C) $45.
D) $160.

Correct Answer:

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