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Consider the Data Shown in the Table A)3%
B)8%
C)5%
D)11

Question 107

Multiple Choice

Consider the data shown in the table. Assume that the economy produces only frozen fish. What is the growth rate of real GDP between the two years?
 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) 3%
B) 8%
C) 5%
D) 11%

Correct Answer:

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