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Consider the Data Shown in the Table A)$60
B)$61

Question 18

Multiple Choice

Consider the data shown in the table. Assume that the economy produces only barrels of oil. What is the average price level between the two years?
 Barrels of  Oil Sold  Actual  Price  Last year 80,000$60 This year 83,000$63\begin{array} { | l | c | c | } \hline & \begin{array} { c } \text { Barrels of } \\\text { Oil Sold }\end{array} & \begin{array} { c } \text { Actual } \\\text { Price }\end{array} \\\hline \text { Last year } & 80,000 & \$ 60 \\\hline \text { This year } & 83,000 & \$ 63 \\\hline\end{array}


A) $60
B) $61.50
C) $123
D) $63

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