Solved

Consider the Data Shown in the Table A)$180,000
B)$191,625
C)$182,500
D)$194,250

Question 4

Multiple Choice

Consider the data shown in the table. Assume that the economy produces only frozen fish. What is the real GDP for this year?
 Tons of Frozen  Fish Sold  Actual  Price  Last year 100$1,800 This year 105$1,850\begin{array} { | l | c | c | } \hline & \begin{array} { c } \text { Tons of Frozen } \\\text { Fish Sold }\end{array} & \begin{array} { c } \text { Actual } \\\text { Price }\end{array} \\\hline \text { Last year } & 100 & \$ 1,800 \\\hline \text { This year } & 105 & \$ 1,850 \\\hline\end{array}


A) $180,000
B) $191,625
C) $182,500
D) $194,250

Correct Answer:

verifed

Verified

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

Related Questions