Multiple Choice
A south pacific island produces only coconuts. In 2018, the price of a coconut is $1 and the quantity produced is 200. In 2019, the price of a coconut is $1.50 and the quantity produced is 250. 2018 is the base year. Real GDP in 2019 is ________.
A) $1.50
B) $200
C) $375
D) $350
E) $250
Correct Answer:
Verified
Correct Answer:
Verified
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