Solved

Table 19-18 a Very Simple Economy Produces Three Goods: Cameras

Question 184

Multiple Choice

Table 19-18
Table 19-18    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 19-18. What is real GDP in 2013, using 2008 as the base year? A)  $28,885 B)  $11,790 C)  $11,200 D)  $10,275 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 19-18. 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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents