Solved

Use the Following to Answer Questions: Table: Three-Good Economy II

Question 277

Multiple Choice

Use the following to answer questions: Table: Three-Good Economy II  Product  Quantity (2008)   Price (2008)   Quantity (2009)   Price (2009)   Computers 30$1,00028$995 Pizzas 1001015015 Burgers 20020021020\begin{array} { l c c c c } \hline \text { Product } & \text { Quantity (2008) } & \text { Price (2008) } & \text { Quantity (2009) } & \text { Price (2009) } \\\hline \text { Computers } & 30 & \$ 1,000 & 28 & \$ 995 \\\text { Pizzas } & 100 & 10 & 150 & 15 \\\text { Burgers } & 200 & 200 & 210 & 20 \\\hline\end{array}
-(Table: Three-Good Economy II) Suppose an economy produces only the three final goods shown in the table. The table gives information on the quantities produced and the prices of goods sold in 2008 and 2009. What is the real GDP in 2009 if 2009 prices are used in the calculation of real GDP?


A) $33,700
B) $35,000
C) $34,310
D) $35,350

Correct Answer:

verifed

Verified

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

Related Questions