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Table: Pizza Economy III

-(Table: Pizza Economy III) Look at the table Pizza Economy III. Considering 2010 as the base year, real GDP in 2011 was:
A)$47,000.
B)$69,000.
C)$72,000.
D)$114,000.

Question

Use the following to answer questions :
Table: Pizza Economy III
 
-(Table: Pizza Economy III) Look at the table Pizza Economy III. Considering 2010 as the base year, real GDP in 2011 was:
A)$47,000. 
B)$69,000. 
C)$72,000. 
D)$114,000.

Quizplus · Accepted Answer

Real GDP is calculated using the prices from the base year (2010) and the quantities from the current year (2011). The correct calculation results in $69,000.

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