Refer to the following table when answering the following questions. In this economy, only two goods are produced: video games and pistachios.
Table 2.3: National Income Accounting
-Consider Table 2.3. Using the Laspeyres index, the real GDP in 2017 is:
A) $8,900.
B) $8,500.
C) $1,500.
D) $15,500.
E) $9,150.

Question

Refer to the following table when answering the following questions. In this economy, only two goods are produced: video games and pistachios.
Table 2.3: National Income Accounting 
-Consider Table 2.3. Using the Laspeyres index, the real GDP in 2017 is:
A) $8,900. 
B) $8,500. 
C) $1,500. 
D) $15,500. 
E) $9,150.

Quizplus · Accepted Answer

The Answer of Refer to the following table when answering the following questions. In this economy, only two goods are produced: video games and pistachios.
Table 2.3: National Income Accounting 
-Consider Table 2.3. Using the Laspeyres index, the real GDP in 2017 is:
A) $8,900. 
B) $8,500. 
C) $1,500. 
D) $15,500. 
E) $9,150.

Refer to the Following Table When Answering the Following Questions