Scenario: a Country Produces Only One Good

Multiple Choice

Scenario: A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units of the good in Year 2. The price of each unit of the good in Year 1 was $280 and it was $320 in Year 2. Suppose Year 1 is taken as the base year for the calculation of GDP.
-Refer to the scenario above.Real GDP of the country has grown by ________.

A) 0.2 percent
B) 20 percent
C) 10 percent
D) 5 percent