Multiple Choice
A south pacific island produces only coconuts.In 2015,the price of a coconut is $1 and the quantity produced is 200.In 2016,the price of a coconut is $1.50 and the quantity produced is 250.2015 is the base year.Real GDP in 2016 is ________.
A) $1.50
B) $200
C) $375
D) $350
E) $250
Correct Answer:
Verified
Correct Answer:
Verified
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