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A South Sea Island Produces Only Coconuts

Question 9

Multiple Choice

A south sea island produces only coconuts. In 2012, the price of a coconut is $1 and the quantity produced is 200. In 2013, the price of a coconut is $1.50 and the quantity produced is 250. 2012 is the base year. Real GDP in 2013 is --------------------.


A) $200
B) $1.50
C) $375
D) $350
E) $250

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