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Table: Price and Output Data
-(Table: Price and Output Data) Look at the table Price and Output Data. The value of year 4's output in real dollars is:
A)$5.20.
B)$6.
C)$30.
D)$36.

Question

Use the following to answer questions :
Table: Price and Output Data 
-(Table: Price and Output Data) Look at the table Price and Output Data. The value of year 4's output in real dollars is:
A)$5.20. 
B)$6. 
C)$30. 
D)$36.

Quizplus · Accepted Answer

The value of year 4's output in real dollars is calculated by multiplying the quantity of output by the base year price. If the base year price is $6 and the quantity is 5, the real value is $30.

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