Multiple Choice
A south sea island produces only coconuts.In 2008, the price of a coconut is $1 and the quantity produced is 200.In 2009, the price of a coconut is $1.50 and the quantity produced is 250.2008 is the base year.Real GDP in 2009 is ________.
A) $375
B) $350
C) $200
D) $250
E) $1.50
Correct Answer:
Verified
Correct Answer:
Verified
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