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    Macroeconomics Study Set 14
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    Exam 8: Gdp: Measuring Total Production and Income
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    Table 19-1 -Refer to Table 19-1.Consider the Table of Production and Price
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Table 19-1 -Refer to Table 19-1.Consider the Table of Production and Price

Question 10

Question 10

Multiple Choice

Table 19-1
Table 19-1    -Refer to Table 19-1.Consider the table of production and price statistics for a small economy in 2011.If the economy only produces the four goods listed below,what is GDP for 2011? A)  $428,000 B)  $267,000 C)  $24,000 D)  $1,424
-Refer to Table 19-1.Consider the table of production and price statistics for a small economy in 2011.If the economy only produces the four goods listed below,what is GDP for 2011?


A) $428,000
B) $267,000
C) $24,000
D) $1,424

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