Table 8-18
A very simple economy produces three goods: cameras,legal services,and books.The quantities produced and their corresponding prices for 2008 and 2013 are shown in the table above.
-Refer to Table 8-18.What is real GDP in 2013,using 2008 as the base year?
A) $28,885
B) $11,790
C) $11,200
D) $10,275
Correct Answer:
Verified
Q165: If prices are rising on average,then
A)real GDP
Q170: If real GDP increases we know for
Q182: To make the calculation of real GDP
Q184: If the GDP deflator rises from 185
Q186: Table 8-18 Q187: Table 8-18 Q190: Table 8-16 Q190: Which of the following is a true Q192: An inflation rate of 5% between 2013 Q196: Table 8-18 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
![]()
![]()
![]()
![]()