Table 19-17
A very simple economy produces three goods: movies,burgers,and bikes.The quantities produced and their corresponding prices for 2011 and 2016 are shown in the table above.
-Refer to Table 19-17.What is real GDP in 2016,using 2011 as the base year?
A) $3,320
B) $3,690
C) $6,360
D) $7,035
Correct Answer:
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Q182: To make the calculation of real GDP
Q186: If nominal GDP rises we can say
Q186: Table 19-18 Q188: Table 19-18 Q189: Table 19-17 Q190: Which of the following is a true Q192: Table 19-18 Q192: Under what circumstances would the GDP deflator Q193: Table 19-20 Q193: If the GDP deflator is 142,by how 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