Multiple Choice
Table 12-18
A very simple economy produces three goods: cameras, legal services, and books. The quantities produced and their corresponding prices for 2013 and 2018 are shown in the table above.
-Refer to Table 12-18.What is real GDP in 2018,using 2013 as the base year?
A) $28,885
B) $11,790
C) $11,200
D) $10,275
Correct Answer:

Verified
Correct Answer:
Verified
Q18: A final good is one that<br>A)is used
Q27: Scott is a woodworker and charges $125
Q47: Because workers in the United States work
Q54: If nominal GDP rises we can say
Q122: Table 12-9<br> <span class="ql-formula" data-value="\begin{array}{|l|r|r|}\hline
Q124: The table below describes the value
Q154: In the circular flow diagram,the value of
Q170: In the first half of 2017,automobile sales
Q177: If the value added of a firm
Q215: In 2016,Ford Motor Company's sales were rising.These